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I contributed to my employer's 401k with some Roth 401k (after-tax) contributions, do I have to report it on my tax return as "Roth IRA" contribution?
my total contribution for 401k Roth 401k was below $19,500.
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I contributed to my employer's 401k with some Roth 401k (after-tax) contributions, do I have to report it on my tax return as "Roth IRA" contribution?
No, just as a Traditional IRA and a 401(k) are not the same thing, a Roth IRA and a Roth 401(k) are not the same thing (although they do have some characteristics). Your Roth 401(k) contribution is listed in Box 12 of your W-2, and is reported by entering your W-2. That's all you have to do for your Roth 401(k).
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I contributed to my employer's 401k with some Roth 401k (after-tax) contributions, do I have to report it on my tax return as "Roth IRA" contribution?
No, just as a Traditional IRA and a 401(k) are not the same thing, a Roth IRA and a Roth 401(k) are not the same thing (although they do have some characteristics). Your Roth 401(k) contribution is listed in Box 12 of your W-2, and is reported by entering your W-2. That's all you have to do for your Roth 401(k).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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