Guest simbarat Posted March 27, 2002 Posted March 27, 2002 I just sent my federal tax return. I used Taxact software and I beleive I was to report how much I contributed to my ROTH ($1800) last year. I think I forgot to do this. Questions: Do individuals have to report contributions to IRAs? Doesn't the IRS get this info via form 5498 from the trustie anyway?
Appleby Posted March 27, 2002 Posted March 27, 2002 Roth contributions are not reported on the individual's tax return. Yes. The IRS received the information via 5498 reporting. Life and Death Planning for Retirement Benefits by Natalie B. Choatehttps://www.ataxplan.com/life-and-death-planning-for-retirement-benefits/ www.DeniseAppleby.com
Guest jasmi25 Posted April 10, 2002 Posted April 10, 2002 1. can someone tell me were to find the tax publication or tax form pertaining to the fact about not reporting roth contributions (up to $2000.00) for the year 2001?
John G Posted April 10, 2002 Posted April 10, 2002 The most basic source is Pub 590 which is all about IRAs , Roths, conversions, distributions, etc. You may also want to cruise around the www.rothira.com web site which has lots of articles and some technical refs.
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