Shakes0
Level 1

We have not contributed to a traditional IRA in 2019, however Turbotax is showing Spouse Box checked under Additional Traditional IRA Contribution Line 10 worksheet?

The title of line 10 is "Check if covered by a retirement plan at work. If married filing
a separate return, check box in spouse column, if applicable". Does 401K contribution needs to be acknowledged on this traditional IRA worksheet?
macuser_22
Level 15

Retirement tax questions

The line 10 check box has nothing to do if you have made  contribution or not.  A 401(k) in box 12 on a W-2 is NOT an IRA and does not get entered anywhere else.

 

That box will be checked if:


TurboTax makes that determination if any of the following are true:

1) Box 13 (retirement plan) on your (or spouses) W-2 is checked,
2) Box 12 on your (or spouses) W-2 contains codes D, E, F, S, or AA/
3) You answered “yes” to the “Are you covered by a Retirement Plan at work” in the interview.
4) You have a self-employed retirement plan.

 

 

**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.**

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Shakes0
Level 1

Retirement tax questions

Yes my spouse did have a retirement 401k plan for 2019. Thank you very much.