You'll need to sign in or create an account to connect with an expert.
$6500 is the contribution limit for taxpayers under age 50 for tax year 2023 for a Roth IRA. If you are contributing to a 401k this information is part of your W-2 and doesn't need to be separately entered in TurboTax. The exception for that is if you are self-employed and this a Solo Roth 401(k). Then the information would be included in the Self-employed pension plan section of TurboTax (rather than the IRA contributions).
A Roth account in a solo 401(k) is not a Roth IRA. Nothing about the money you contribute to the designated Roth account in your solo 401(k) is reportable as a Roth IRA contribution.
Contributions from self-employment income are entered in the Self-Employed Retirement section of TurboTax.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
checkyourmirrors
Level 2
wilsondswork
Level 1
Confused1231
Returning Member
Magnfdplaid878
Level 1
taxpayer1040a
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.