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April 22, 2020
Question

I started a Roth IRA this year. I did not take out any money. What do I show on my tax return?

  • April 22, 2020
  • 1 reply
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1 reply

VolvoGirl
Employee
April 22, 2020

ROTH contributions don't actually show up on your tax return since they are not deductible.  But you do need to enter them.

 

You can type ira contributions in the search bar at the top and it will give you a JUMP TO link to go right to it.

 

OR Enter IRA contributions under

Federal On left

Deductions and Credits

Then scroll down to Retirement and Investments

Traditional and ROTH IRA Contributions - Click the Start or Update button