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