Contribute to a traditional IRA
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
TurboTax has you covered during Covid. Get the latest second stimulus info here.
Showing results for 
Search instead for 
Did you mean: 
New Member

Contribute to a traditional IRA

I have an account set up with my employer where money is deducted pretax each check that goes straight into my IRA with matching from them. Do I put down the total I've contributed through the year from this, or should I leave it as $0 or blank because I did not put any money directly into the IRA outside of what is deducted per check.
2 Replies
Level 15

Contribute to a traditional IRA

That would not be an IRA, but an employer sponsored retirement 401(k) plan.  Your employer will report that in box 12 on your W-2.  You do not report it anywhere else.  It is not an IRA contribution.

**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.**
Level 15

Contribute to a traditional IRA

It's also possible that this is a SIMPLE plan (code S) or SARSEP plan (code F), but the answer is the same:  Enter it only in box 12 of TurboTax's W-2 form.
Dynamic Ads
Privacy Settings