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February 27, 2024
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Turbotax is asking if my Roth IRA was open as of December 31, 2023. What does it mean to be "open?" Thank you.

  • February 27, 2024
  • 2 replies
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Best answer by JulieS

Yes, in this context open means that the account exists and has money in it. 

 

You will most likely answer that Yes, unless you distributed the account and closed it before  December 31, 2023.

2 replies

JulieSAnswer
February 27, 2024

Yes, in this context open means that the account exists and has money in it. 

 

You will most likely answer that Yes, unless you distributed the account and closed it before  December 31, 2023.

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Employee
February 27, 2024

O.PEN means if it was created before Dec 31, 2023 or earlier