Does Fidelity have contributions details for a Roth I rolled over?
Here’s a summary of the main problem and solutions discussed in the conversation:
- Main Problem: The user is unsure if Fidelity can provide the contribution amounts versus earnings for their Roth IRA that was rolled over from another brokerage after leaving a previous employer.
- Solution Offered: Fidelity indicated that transfer of assets does not include previous contribution details, so they do not have that information.
- Additional Suggestions: The user was advised to check previous forms like 5498s to track contribution totals or to contact their previous firm for access to those details.
Here’s the full thread
I had a Roth at Principal through a previous employer from 2019 to 2024. After leaving that employer, I rolled the Roth from Principal to Fidelity. I am over 60. Right now, I’m thinking of cashing out a good chunk at that Roth money. For tax reasons, I understand I need to know what the Contribution amounts are as opposed to the Earnings. Does Fidelity have this information for this Roth? Even though it is from another brokerage? Thanks.
Hello there, @joegrant413now. Thanks for reaching out to us.
Thank you for choosing to invest with Fidelity Investments. When you perform a Transfer of Assets (TOA), the previous contribution details are not included, so we will not have those details.
If you have access to your previous forms, such as 5498s, you should be able to track your contributions totals. If not, your previous firm may still have access to them.
Please let us know if you have additional questions for us. We’ll be around! 🟢