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Retirement tax questions
A Simple IRA a retirement plan provided by your employer, so it is accounted for on your W2.
Employee deferrals made through your employer are reported on your W-2 in boxes 12 with code S. Enter this only on TurboTax's W-2 form. Employer contributions are not reported anywhere on your tax return.
Do not report Simple IRA contributions under Deductions & Credits. This is for Traditional and Roth IRAs only.
Form 5498 is informational only.
Hope this helps.
May 31, 2019
7:59 PM
2,647 Views