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ROTH IRA contributions

It seems to me that in the past I could record in TurboTax the ROTH IRA contribution I was making for the year.  This year I can't find anywhere to do that, only a place to enter tradition IRA contributions.  Do I have a false memory thing going on?  Did TurboTax ever track ROTH IRAs?  I know it won't influence my taxes, but I am just wondering.

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1 Best answer

Accepted Solutions
DanaB27
Expert Alumni

ROTH IRA contributions

Yes, you can track have TurboTax track your Roth basis for you (but it is always a good idea to track it outside of TurboTax as well).

 

  1. Open your return
  2. Click “Deductions &Credits” on the top
  3. Click "I'll choose what to work on"
  4. Scroll down to “Traditional and Roth IRA Contributions” and click “Start
  5. Select “Roth IRA
  6. Enter your Roth IRA contribution for 2022
  7. On the "Did You Open a Roth IRA Before 2021?" answer "Yes"
  8. On the "Let Us Track Your Roth IRA Basis" screen answer "Yes"
  9. TurboTax will ask you follow-up questions in regard to net contributions and conversions.

 

You can see your Roth basis on the "IRA Information Worksheet" (Part II).

 

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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2 Replies
DanaB27
Expert Alumni

ROTH IRA contributions

Yes, you can track have TurboTax track your Roth basis for you (but it is always a good idea to track it outside of TurboTax as well).

 

  1. Open your return
  2. Click “Deductions &Credits” on the top
  3. Click "I'll choose what to work on"
  4. Scroll down to “Traditional and Roth IRA Contributions” and click “Start
  5. Select “Roth IRA
  6. Enter your Roth IRA contribution for 2022
  7. On the "Did You Open a Roth IRA Before 2021?" answer "Yes"
  8. On the "Let Us Track Your Roth IRA Basis" screen answer "Yes"
  9. TurboTax will ask you follow-up questions in regard to net contributions and conversions.

 

You can see your Roth basis on the "IRA Information Worksheet" (Part II).

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

ROTH IRA contributions

Thanks for your help.  Found it!

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