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February 27, 2025
Solved

Roth IRA Basis tracking

  • February 27, 2025
  • 1 reply
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I want TurboTax to keep track of my Roth IRA basis.

Does it matter if they were direct contributions versus a Roth IRA Conversion from a Traditional IRA, or are they both considered the same?

Thanks!

Best answer by dmertz

Contribution basis and conversion basis are to be entered separately.  TurboTax will ask for each.

1 reply

dmertzAnswer
Employee
February 28, 2025

Contribution basis and conversion basis are to be entered separately.  TurboTax will ask for each.