What does the question "Was Roth IRA open on December 31, 2016?" mean?

Forum|Forum|7 years ago
June 1, 2019
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I did not open any new Roth IRA accts in 2016; however, I still have money in Roth IRA. Should I Yes or No to this question?

TurboTax Deluxe Online

C

ChristinaS

Employee

You would answer Yes. The question is asking if you had any open or active accounts as of 12/31/2016. If you had money in a Roth account on that date, you would say Yes.

The question is not asking if you opened any accounts during the year or placed money into a Roth during the year. That would be handled in the IRA contribution section.