Guest BigAl Posted May 22, 2002 Posted May 22, 2002 When you and your spouse contribute to a Roth, is there any tax forms that must reflect the contributions, such as on 1040 or 8606? Also, provided that income limits are satifactory, what is the maximum amount a husband and wife can contribute to a Roth, if both are 57 years old?
papogi Posted May 22, 2002 Posted May 22, 2002 Roth contributions do not need to be shown on any tax forms. Since you both are over 50, each can contribute $3500 for tax year 2002.
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