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Do I have to report Roth IRA and Roth 401(k) contributions?

Forum|Forum|7 years ago
June 6, 2019
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Best answer by MinhT1

You do not report your Roth IRA and Roth 401 (k) contributions on your tax return as they are not deductible.

But keep track of these contributions over the years. If you have to make an early withdrawal from your Roth accounts, the contributions are not taxable or subject to early withdrawal penalty.

M

MinhT1Answer

You do not report your Roth IRA and Roth 401 (k) contributions on your tax return as they are not deductible.

But keep track of these contributions over the years. If you have to make an early withdrawal from your Roth accounts, the contributions are not taxable or subject to early withdrawal penalty.

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