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ROTH Contributions
My modified adjusted gross income for 2019 is $200,242. I am contributing to a ROTH Savings account through my employer, and they say it is not a Roth 401K, it is a Roth Savings account. The code on my W2 is showing "AA Roth Contributions to a 401(k) plan". Per TurboTax, I have too much money in my Roth, and need to take out $5054, stating I can only contribute up to $7K, but with my MAGI, I can only contribute around $2,000. I don't want to take it out if I don't have to, but what would the code be for those deductions in block 12 if it is truly Roth Savings, I don't see a code in there that fits.
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‎February 19, 2020
9:46 AM