Is Tradeking collecting too much information when I open an Roth IRA? - KamilTaylan.blog
22 June 2022 14:44

Is Tradeking collecting too much information when I open an Roth IRA?

What records do I need to keep for Roth IRA?

Roth Record Keeping

  • Annual contributions.
  • A one-time (rollover) from my employer’s after-tax 401K saving plan to Roth (i.e. non taxable event)
  • Several yearly Roth conversions from my (fully deductible) traditional IRA (i.e. taxable events w/Form 8606 filed)
  • Investment gains.


How does TurboTax handle Backdoor Roth IRA?

TurboTax Online

  1. Sign in to your TurboTax account.
  2. Open your return if it’s not already open.
  3. Select Federal from the menu, then Deductions & Credits.
  4. Locate the Retirement and Investments section and select Show more.
  5. Select Start or Revisit next to Traditional and Roth IRA Contributions.