This might be a dumb question, but as someone who's relatively younger in terms of life experience and starting the undertaking of preparing taxes for myself and newer husband....
How do I know if either of us contributed to an IRA or not in 2019 (and if we did, how do we differentiate the kind)? Would we receive a Form 1099-R or 5498 if we did (and thus I can safely assume we made no such contributions since we did NOT receive either of these forms)?
*Also of note: on one of my husband's W-2's, in box 12 he has AA listed, which is "Designated Roth contributions under a section 401(k) plan." Does this count as contributions to an IRA or 401(k)? Or neither??
Thank you!
You'll need to sign in or create an account to connect with an expert.
You must act proactively to make an IRA contribution ; you would know if you did it.
Anything shown on your W-2, just enter exactly as it appears.
@foxylady2391 wrote:
band's W-2's, in box 12 he has AA listed, which is "Designated Roth contributions under a section 401(k) plan." Does this count as contributions to an IRA or 401(k)? Or neither??
A code AA is a designated Roth (a 401(k) Roth) and is NOT a IRA contribution and is ONLY reported on your W-2 - nowhere else.
So, your husband made after tax contribution to a Roth IRA. You shouldn't worry if you never received anything for it as the contribution was made after tax. If it were a traditional IRA, then you should have received at least a form 5498 showing your contributions before taxes as it may also affect your current return as you may want to take the contribution deduction.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Vladimir101
Level 2
ArielA77
New Member
Andy_W
Level 1
Linda C2
Level 2
Linda C2
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.