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New Member
posted Jan 6, 2021 10:52:17 AM

It says to enter value of Roth contributions does that also include employee matching or what I’ve just put in?

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3 Replies
Level 15
Jan 6, 2021 10:56:56 AM

Only what You have contributed to the Roth IRA.

Level 15
Jan 6, 2021 11:12:18 AM

A Roth IRA is not a "Roth" (or after-tax) 401(k) or 403(b).  They are completely different.

 

Information about contributions to work retirement plans is contained in your W-2.  Don't enter anything more.  When Turbotax asks about Roth IRA contributions, it is only asking about any private account you might have contributed to, not your work plans. 

Level 15
Jan 6, 2021 1:53:38 PM

There are also no such thing as employer contributions made to any type of Roth account.  Contributions to a Roth IRA are personal contributions and contributions to a Roth account in a qualified retirement plan like a 401(k) can only be employee contributions, never employer contributions.  Roth contributions always come from the individual's compensation reported on a W-2 or net profit from self-employment.