KristinaK
Employee Tax Expert

Retirement tax questions

It will depend on what type of contribution was made on your behalf by the partnership. Here are the possibilities:

 

IRA
Qualified plan
SIMPLE IRA
SEP

 

You will need to ask the partnership what type of contribution it was. Once you know and report it in TurboTax, you may be also be able to claim a deduction on line 15, Schedule 1 (Form 1040). 

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