KenH1
New Member

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.

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