dmertz
Level 15

Retirement tax questions

The amount of your elective deferrals to the SIMPLE IRA, indicated with code S, will already have been excluded from amount in box 1 of your W-2.  Do not enter the code-S amount anywhere in TurboTax except on TurboTax's W-2 form.  The amount that your employer separately contributed to your SIMPLE IRA account does not get entered anywhere on your tax return.