I contributed to my 401k at work so I entered that into the savings contributions section, can I or do I also put that in the IRA section as my 401k is like a IRA?

[abbiroger4]

No additional info

[macuser_22]

Your 401(k) contributions are reported by your employer on your W-2, box 12 code D.    You do NOT enter it anywhere else other than the W-2.   It is NOT an IRA.

[Anonymous]

congratulations on contributing to your 401k!!  contribute as much as you can, esp to get the match from your employer (if they offer that).

short answer: no, you cannot enter it in the IRA section.

while a 401K is KINDA like an IRA, it is NOT an IRA.

contributions to a 401k reduces your reported gross income from your employer (unless you are contributing to a ROTH 401k).

contributions to a Traditional IRA MAY reduce your gross income from all sources (unless you are contributing to a ROTH IRA).

read IRS publications on IRAs:

590-A contributing

https://www.irs.gov/pub/irs-pdf/p590a.pdf

590-B distributing

https://www.irs.gov/pub/irs-pdf/p590b.pdf