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Employer plans, also called qualified workplace plans, are different than IRAs. They are controlled by different sections of the tax law and some of the rules are different, even though they have a similar purpose. Contributions to a workplace plan are reported on your W-2 and are captured automatically by Turbotax. When you are asked about IRA contributions, only report contributions you made to a private IRA that you opened at a bank or broker, not workplace plans.
Employer plans, also called qualified workplace plans, are different than IRAs. They are controlled by different sections of the tax law and some of the rules are different, even though they have a similar purpose. Contributions to a workplace plan are reported on your W-2 and are captured automatically by Turbotax. When you are asked about IRA contributions, only report contributions you made to a private IRA that you opened at a bank or broker, not workplace plans.
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