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New Member
posted Jun 4, 2019 8:21:11 PM

Help with Form 8880 please. line 1 shows the Roth IRA contribution and line 2 shows the same number thus doubling the amount. is this correct?

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1 Best answer
Level 15
Jun 4, 2019 8:21:12 PM

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.

3 Replies
Level 15
Jun 4, 2019 8:21:12 PM

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.

New Member
Jun 4, 2019 8:21:15 PM

Thank you very much.

Returning Member
Jul 14, 2020 1:07:47 AM

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