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office5
March 5, 2025
Question

my parents contributed to a custodial roth ira. do I add it here

  • March 5, 2025
  • 1 reply
  • 0 views
what do i answer for a custodial roth ira

    1 reply

    D
    DanaB27
    March 6, 2025

    Yes, if the Roth IRA is in your name then you will enter the Roth IRA contributions under Deduction & Credits:

     

    1. Login to your TurboTax Account 
    2. Click on "Search" on the top right and type “IRA contributions” 
    3. Click on “Jump to IRA contributions"
    4. Select “Roth IRA”

     

     

    For 2024, the total contributions you make each year to all of your traditional IRAs and Roth IRAs can't be more than:

     

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