Where Do I Report Contributions to a Roth IRA?
Desktop · Written guide Content date 1 min read
Contributions to a Roth IRA are not deductible, so these amounts are not reported on the tax return, and qualified distributions (distributions that are a return of contributions) are not taxable. Form 8606 can be used to track the taxpayer's basis in the IRA.
To access Form 8606 in the individual tax return in Tax Processors Plus Desktop, from the main menu of the tax return select:
- Adjustments
- Non-deductible IRAs
- Distributions from Roth IRAs
Additional Information: