AnnetteB6
Expert Alumni

Self employed

Since you are making contributions to your 401k through your employer, the amount that was contributed should be reported on your W-2 in box 12.  Entering that W-2 into your return is the only thing you need to do to account for the contributions.  These contributions should be going to a 401k and Roth 401k, not a Traditional IRA and Roth IRA.

 

You do not need to enter them into the IRA Contributions section of your return, because the contributions to the 401k plan are not IRA contributions.  Therefore, there are different contribution limits for each type of account.  

 

If you did enter the contribution amounts into the IRA Contribution section of your return, be sure to go back to delete those entries.  

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