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brentandheather8
New Member

In the "Traditional IRA and Roth IRA" section, do I count the amounts that are in my W2? Or is this for separate contributions? Thank you!

 
3 Replies
GeorgeDenseff
Level 6

In the "Traditional IRA and Roth IRA" section, do I count the amounts that are in my W2? Or is this for separate contributions? Thank you!

It is for separate contributions not included on your W-2.

brentandheather8
New Member

In the "Traditional IRA and Roth IRA" section, do I count the amounts that are in my W2? Or is this for separate contributions? Thank you!

Perfect, thank you very much for confirming that!

Opus 17
Level 15

In the "Traditional IRA and Roth IRA" section, do I count the amounts that are in my W2? Or is this for separate contributions? Thank you!

Even though IRAs and qualified workplace retirement plans have a similar goal and some similar rules, they are controlled by different sections of the tax laws and can be very different in critical ways.  Your workplace plan is only reported on your W-2 and no where else.  When asked about IRA contributions, only include separate out of pocket contributions to a privately owned IRA account, if you have one. 

*Answers are correct to the best of my ability at the time of posting but do not constitute legal or tax advice.*
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