1040-US: Roth IRA Contribution Data Entry

Alerts and notices

To enter Roth IRA contributions or have the tax application compute the maximum contribution, do one of the following in Screen IRA in the Retirement folder.

  • Mark the Have program compute maximum Roth IRA contribution field, or
  • Enter the taxpayer's contribution amount in the Total Roth IRA contribution field

If the Total Roth IRA contribution and Have program compute maximum Roth IRA contribution fields are both completed, the tax application ignores the data entered in the Total Roth IRA contribution field and calculates the maximum allowed Roth IRA contribution.

Mark these fields in Screen IRA

Note: The calculation for the allowable contribution displays on the Roth IRA Contribution Worksheet. To view this worksheet, press CTRL+F in Screen IRA and click the Roth IRA Worksheets tab.