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dellingt
New Member

I entered my Roth 401(k) contributions in the W2 income section. Do I need to complete the "Traditional and Roth IRA" deduction section too? Or does it transfer over?

I just want to make sure I'm not double counting the contributions if I enter them in the deduction section, since I already reported it on my W2.
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I entered my Roth 401(k) contributions in the W2 income section. Do I need to complete the "Traditional and Roth IRA" deduction section too? Or does it transfer over?

Nooooo that's double counting

AND a Roth 401k is NOT a Roth IRA either...that Roth IRA contribution section is only for for new money contributed to Roth IRAs..

Once you enter the Roth 401k $$ that are on your W-2 and into the software W-2, then you are done.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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I entered my Roth 401(k) contributions in the W2 income section. Do I need to complete the "Traditional and Roth IRA" deduction section too? Or does it transfer over?

Nooooo that's double counting

AND a Roth 401k is NOT a Roth IRA either...that Roth IRA contribution section is only for for new money contributed to Roth IRAs..

Once you enter the Roth 401k $$ that are on your W-2 and into the software W-2, then you are done.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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