Roth IRA

[steventhein]

After I enter all the Roth IRA info, at the last page it is asking the value of the Roth IRA account as of December 31 2023. Is this new for 2023?  In which form should I see this entry?

[VolvoGirl]

You get it from your IRA statement for 12/31/23.  

[dmertz · Accepted solution]

TurboTax likely only asks for your Roth IRA year-end balance if you've entered an excess Roth IRA contribution.  The penalty for an excess contribution is limited to 6% of the lesser of the excess or your year-end balance.  Check to see if Form 5329 Part IV is present in your tax return.