- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
@xu1guang xu guang wrote:
correction: Box 12 AA
You don't have a Roth IRA. You have a designated Roth account within your workplace 401(k). It is only entered from your W-2, don't enter it again separately. An IRA is an "individual" retirement arrangement, that you establish privately at a bank or brokerage. You may be able to contribute both to a 401(k) and a Roth IRA, and there may be advantages of opening a private IRA instead of or in addition to the designated Roth account in the 401(k). But they are not the same kind of account.
March 16, 2021
1:16 PM