When entering your Roth IRA information in TurboTax for 2024, it's important to distinguish between contributions and the value of the investment. Roth IRA Contributions/Account Value Contributions: This refers to the amount you put into your Roth IRA during the year. Investment Value: This is the total value (end-of-year value) of your Roth IRA account, including any gains or losses. For more detailed guidance, you can check out the TurboTax support page

Question

Does us the value of your Roth IRA ? is this the amount i put in in 2024 of the value of the investment?

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April 6, 2025
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SabrinaD2

When entering your Roth IRA information in TurboTax for 2024, it's important to distinguish between contributions and the value of the investment.

Roth IRA Contributions/Account Value

Contributions: This refers to the amount you put into your Roth IRA during the year.
Investment Value: This is the total value (end-of-year value) of your Roth IRA account, including any gains or losses.

For more detailed guidance, you can check out the TurboTax support page