Where can i find the roth ira contribution on my w2?

Forum|Forum|7 years ago
June 1, 2019
1 reply
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which box on my w2 will show me how much I contributed to my roth ira?

TurboTax Deluxe Online

Best answer by LindaA

An IRA (Individual Retirement Arrangement) is something you set up yourself (outside of work) so it wouldn't be reported on your W-2. Information about contributions to your Roth IRA can be found on the year-end summary statement from the bank, broker, or mutual fund that holds your account.

If you had a Roth retirement plan at work, contributions to it will be indicated on your W-2 in Box 12 with code:

AA: Roth 401(k) plan.
BB: Roth 403(b) plan.
EE: Roth contributions under governmental section 457(b) plan. This amount does not apply to contributions under a tax-exempt organization section 457(b) plan.

LindaAAnswer

Level 10

If you had a Roth retirement plan at work, contributions to it will be indicated on your W-2 in Box 12 with code:

AA: Roth 401(k) plan.
BB: Roth 403(b) plan.
EE: Roth contributions under governmental section 457(b) plan. This amount does not apply to contributions under a tax-exempt organization section 457(b) plan.

Edmar777

Level 2

Hello, I have complicated question I hope I can get an answer to. I contributed $12k last year to a Roth IRA and did not distribute it to stock, bonds, or ETF's.

I did this year. It seems like a obvious when one but with taxes I'm weary. Should I put on my taxes that I contributed to my Roth IRA for 2020 even though I did not receive dividends, only $5?

macuser_22

Alumni - Champ

@Edmar777 wrote:

Hello, I have complicated question I hope I can get an answer to. I contributed $12k last year to a Roth IRA and did not distribute it to stock, bonds, or ETF's.

I did this year. It seems like a obvious when one but with taxes I'm weary. Should I put on my taxes that I contributed to my Roth IRA for 2020 even though I did not receive dividends, only $5?

Are you asking about a IRA held in a bank or financial institution in your name or an employer Roth which is NOT an IRA.

The most that can be contributed to an IRA in a year is $6,000 (or $7,000 if over age 50). Gains or losses in a IRA are not reported.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**