Question
W2 401k, Box 12 recording in TurboTax
Good Day,
I received my W2 form which contains 401k contribution and D in box 12. Additionally, it contains a retirement plan checkmark in box 13. I entered the W2 data into TurboTax manually exactly as it appears in the W2 form.
Now I am in the Deductions and Credits, Retirement and Investments" series of questions. Replied yes to the question that reads "Do you have retirement ..." and "Did (name) contribute to Traditional IRA" questions.
I assume I need to record the W2, D—Elective deferrals to a section 401(k) amount? Yes?
