Ask for Retirement account

[kchristine29]

So when you select you have a retirement account, this includes 401k from your job correct

[GeoffreyG · Accepted solution]

Yes, it does.  A 401(k) tax-deferred savings account qualifies as a "retirement account" for purposes of calculating any retirement savings tax credit to which you may be entitled (via Form 8880, which is part of the TurboTax program), as well as where it may be necessary to know elsewhere.

Thus, if you do have an active 401(k) through your employer, then please answer the software question with a "yes."

[kchristine29]

Thank you . I was pretty sure it did, just wanted  second opinion thank you!

[GeoffreyG]

You're very welcome, kchristine29!  It's our pleasure to help you.  🙂

[VolvoGirl]

But only enter a 401k from your W2, nowhere else.  Don't enter it again under Deductions.  Or are you taking distributions from it?  Then you will get a 1099R for it.