I contribute to both ROTH TSP & ROTH IRA. I only put $300 the whole year into the IRA. It's telling me I have a penalty. How is that possible? TSP & IRA are not the same

skichic2210 · ‎May 31, 2019

dmertz · ‎May 31, 2019

Make sure that you did not report the TSP contribution under Deductions & Credits. Only the Roth IRA contribution is to be reported there. Enter the code AA box 12 amount shown on your W-2 only on TurboTax's W-2 form.

I contribute to both ROTH TSP &amp; ROTH IRA. I only put $300 the whole year into the IRA. It's telling me I have a penalty. How is that possible? TSP &amp; IRA are not the same

Retirement tax questions

I contribute to both ROTH TSP & ROTH IRA. I only put $300 the whole year into the IRA. It's telling me I have a penalty. How is that possible? TSP & IRA are not the same