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I contribute to a 401k through work. Does that go in under traditional IRA or is that counted when I entered my W2?

 
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2 Replies
dmertz
Level 15

I contribute to a 401k through work. Does that go in under traditional IRA or is that counted when I entered my W2?

A 401(k) is not an IRA.  Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.

I contribute to a 401k through work. Does that go in under traditional IRA or is that counted when I entered my W2?

No a 401K is not a IRA.  Only enter it from your W2, nowhere else.  It has already been deducted from the wages in box 1 and you can't deduct it again.

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