You need to let your tax preparer know how much you've contributed to your Roth for the year.Other than just as a double-check for eligibility (which I think is a good-enough reason), the tax preparer realy doesn't need to know--there is no place to declare Roth IRA contributions. (This is unlike non-deductable Tradtional IRA contributions where one needs to establish one's "tax basis".)See IRS (http://www.irs.gov) Publication 590 (http://www.irs.gov/forms_pubs/pubs/p590toc.htm), specifically the introduction of Chapter 2 (http://www.irs.gov/forms_pubs/pubs/p59002in.htm) has this statement:Contributions not reported. You do not have to report Roth IRA contributions on your return.The Roth IRA custodian(s) is(are) responsible for notifying the IRS of Roth IRA contributions.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar<