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DAVID189
Level 1

RETIREMENT

Three questions. 

 

If I contributed to a Roth can I deduct that amount?

I received a form 1099-R. I rolled the money over into a retirement account.  Do I need to report it anywhere in my taxes? 

I entered my employee retirement account contributions from box 12b when first started entering information from my W2. Do I reenter the amount in retirement section?

2 Replies
macuser_22
Level 15

RETIREMENT


@DAVID189 wrote:

Three questions. 

 

If I contributed to a Roth can I deduct that amount?

I received a form 1099-R. I rolled the money over into a retirement account.  Do I need to report it anywhere in my taxes? 

I entered my employee retirement account contributions from box 12b when first started entering information from my W2. Do I reenter the amount in retirement section?


#1 No - Roth's are not deductible.

 

#2 Yes. Any 1099-R must be reported in the Retirement 1099-R section.

 

#3 No. only in the W-2.  The employer has already reported it.

 

 

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
DAVID189
Level 1

RETIREMENT

Thank you!

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