Skip to main content
June 6, 2019
Solved

I am being asked about our Roth IRA contributions, but I've read the custodian tells the IRS that information. Is this above what we contribute through work?

  • June 6, 2019
  • 1 reply
  • 0 views
No text available
Best answer by MichaelDC

Yes. TurboTax is asking for the total of all contributions made for years before 2017 minus all distributions made before 2017. Many times, IRAs are rolled over to different custodians and this contribution (basis) information doesn't get transferred in the process.

Please feel free to post any additional details or questions in the comment section. 

1 reply

MichaelDCAnswer
Employee
June 6, 2019

Yes. TurboTax is asking for the total of all contributions made for years before 2017 minus all distributions made before 2017. Many times, IRAs are rolled over to different custodians and this contribution (basis) information doesn't get transferred in the process.

Please feel free to post any additional details or questions in the comment section.