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New Member
posted Jun 6, 2019 5:57:31 AM

I have a Calpers account where I contributed throughout the year. Should I enter this info in retirement and investments section in turbo tax? If so, which category?

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1 Best answer
Level 13
Jun 6, 2019 5:57:32 AM

NO.  Your contributions were made "pre-tax" and those contributions are not part of your Box 1 amount on your W-2.  No further entries are necessary.

Tom Young

12 Replies
Level 13
Jun 6, 2019 5:57:32 AM

NO.  Your contributions were made "pre-tax" and those contributions are not part of your Box 1 amount on your W-2.  No further entries are necessary.

Tom Young

New Member
Jun 6, 2019 5:57:34 AM

thank you!!! Does that mean that I don't need to enter my calpers contributions anywhere on turbotax forms?

Level 15
Jun 6, 2019 5:57:36 AM

They should be in box 12 on your W-2.  You do not enter anywhere else.

New Member
Jun 6, 2019 5:57:37 AM

Box 12 of my W2 contains DD, which is the cost of employer health coverage. That is why I am wondering if my W2 is missing my calpers contribution

Level 15
Jun 6, 2019 5:57:39 AM

How did you pay it?  Did it come out of your checks?  Ask Pers or your employer.

New Member
Jun 6, 2019 5:57:39 AM

@VolvoGirl It was supposed to come out of my checks- yes.

Level 15
Jun 6, 2019 5:57:41 AM

Calpers might not be reported at all since it is a California State retirement plan.   Probably on a separate statement.

New Member
Jun 6, 2019 5:57:42 AM

@macuser_22 when you say "separate statement" - what do you mean?

Level 15
Jun 6, 2019 5:57:43 AM

My wife used to receive year end statements reporting the retirement balance, and contributions.   

I "think" Calpers is a 457(b) plan, but I might be mistaken.  Contributions to that would be reported in box 12 on a W-2 with a code "G".

Level 15
Jun 6, 2019 5:57:45 AM

I have CalPers.  You shouldn't need to enter it at all unless you are getting a pension or rolled it over.  I'm retired now but I could look up on the W2s from working to see how they reported it.  Just enter the W2 exactly as shown.  They are keeping track of the pre-tax and post tax contributions so when you do take it out the 1099'R will  be right.

New Member
Jun 6, 2019 5:57:46 AM

@macuser_22 thank you. i probably should check with my employer then because I don't have a code G in box 12.

New Member
Jun 6, 2019 5:57:48 AM

@VolvoGirl I indeed entered W 2 exactly as shown. My confusion started when I didn't see my retirement contribution on W2. For some reason I expected to see it there...but maybe that wasn't right to expect.