DanaB27
Expert Alumni

Retirement tax questions

To clarify, you are asking if you have to enter the contribution to your work retirement account as an IRA contribution in TurboTax? 

 

No, you do not enter contributions to the work retirement account in the IRA contribution section. Here you are only entering contributions to traditional IRA and/or Roth IRA that you made outside of work. Your W-2 will have the contribution in box 12. You will enter your W-2 and do not need to enter this information somewhere else.

 

If you had a rollover (transferring money from one retirement account to a similar retirement account) then you will receive a 1099-R and have to enter it in TurboTax. Depending on the code in box 7 there will be follow-up questions what you did with the money and you can indicate that you rolled the money over.

 

  1. Login to your TurboTax Account 
  2. Click on "Search" on the top right and type “1099-R”
  3. Click on “Jump to 1099-R”
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