522865
You'll need to sign in or create an account to connect with an expert.
No, this is not correct. It appears that you mistakenly entered under Deductions & Credits contributions that were not contributions to a Roth IRA. Enter items shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax. Codes AA, BB and EE are not contributions to a Roth IRA, they are contributions to a designated Roth account in a qualified retirement plan. Go back and remove the erroneous entries you made under Deductions & Credits -> Retirement and Investments -> Traditional and Roth IRA Contributions.
No, this is not correct. It appears that you mistakenly entered under Deductions & Credits contributions that were not contributions to a Roth IRA. Enter items shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax. Codes AA, BB and EE are not contributions to a Roth IRA, they are contributions to a designated Roth account in a qualified retirement plan. Go back and remove the erroneous entries you made under Deductions & Credits -> Retirement and Investments -> Traditional and Roth IRA Contributions.
I only entered 7000 for IRA under Deductions & Credits -> Retirement and Investments -> Traditional IRA Contributions.
On my Form 8880 I found incorrect / double the amount I entered ???
Not sure where is the extra 14000 came from ???
Line 1 showing 14000 ???
Line 2 showing 7000
Line 3 showing 21000 ??? Total
I deleted / removed the 7000 from Traditional IRA, and saw my refund changed. OK.
Then I re-entered the 7000 back for my IRA, the same error came up again with 14000 which should be 7000 and nothing in Line 2.
BTW I only need to add to traditional IRA.
I do not contribute to 401K or ROTH IRA.
Could U please help n share yr expertise how to fix it ?
Thank U
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
ebomze2254
Level 2
ohjoohyun1969
New Member
tianwaifeixian
Level 4
tianwaifeixian
Level 4
Liangtwn
Level 2
in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill