Is a traditional ira the same as a simple ira and if yes do I need to put my simple ira contributions for 2017 into turbotax under the traditional ira spot?

[e-gerow1]

I just need to know if I need to add my simple ira contributions for 2017 into turbo tax and if so where do I enter it?

[Rachel_W]

Were your SIMPLE IRA Contributions made through your Employer and reported in Box 12 of your W2?

[e-gerow1]

box 12 has $4800 in it with an S code but I received a letter from SEI private trust company with a Fair market value statement for a SIMPLE IRA (that they also sent to the IRS) for $7474.86.  So I'm just not sure that I need to list this in turbo tax under the Traditional IRA

[e-gerow1]

box 12 has $4800 in it with an S code but I received a letter from SEI private trust company with a Fair market value statement for a SIMPLE IRA (that they also sent to the IRS) for $7474.86.  So I'm just not sure that I need to list this in turbo tax under the Traditional IRA or just do nothing with is since I already have something listed on line 12 of the W2

[macuser_22 · Accepted solution]

A SIMPLE IRA is NOT a Traditional IRA and only gets entered in box 12 on your W-2 - nowhere else.