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Retirement tax questions
In addition to box 13 on your W-2, you can indicate that you were not covered by an employer retirement plan in the IRA contribution part of the interview. To do this, please follow these steps:
- Click on Federal Taxes > Deductions & Credits [In TT Self-Employed: Personal > Deductions & Credits > I'll choose what I work on].
- Scroll down to the Retirement and Investments section and click on the Start/Revisit box next to Traditional and Roth IRA Contributions.
- On the Traditional IRA and Roth IRA screen, mark the box for Traditional IRA and click Continue.
- On the screen, Did you Contribute to a Traditional IRA? click the Yes box.
- Click the appropriate box on Is This a Repayment of a Retirement Distribution?
- On the Tell Us How Much You Contributed screen, enter the amount of your contribution and click Continue.
- On the screen, Retirement Plan Coverage? click the No box.
- Continue through the screens, entering the requested information.
March 2, 2021
7:14 AM