I have 401K. Am I entering that as contribution to traditional IRA?

royb29 · ‎February 4, 2023

xmasbaby0 · ‎February 4, 2023

No. If you have a 401k through your employer you are entering that when you enter your W-2. You do not enter it again.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

DoninGA · ‎February 4, 2023

NO. You do not enter contributions to an IRA if you only have a 401(k) retirement account.

Your contributions to the 401(k) are reported on your W-2 in box 12 with a code of D. They are not entered anywhere else on a tax return.

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I have 401K. Am I entering that as contribution to traditional IRA?