Roth IRA

Forum|Forum|1 year ago
February 14, 2025
1 reply
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I took money out of my Roth in 2024 but I was over 59 1/2. Turbo Tax is asking me to enter prior year Roth IRA Contributions (Report your net regular contributions prior to 2024). I've had my Roth IRA for over 5 years and I don't know when I opened it or how much has been contributed over the years. Does the amount I need to enter go back to the year I opened the Roth IRA until 2024? If so, how would I get that information.

KrisD15

HERE is a link explaining that TurboTax is asking about your Roth IRA as an added courtesy, but it is not required for the tax computation of your return. The program can record your Roth account balance and check for excess contributions.

You should be able to continue without providing the amount of your 2024 contribution, or you can contact your financial institution for a statement.

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