Hi there, I have a 401k and on my W-2's box 12 I see two rows: D and AA. Should I answer yes to the IRA question?

campiador · ‎March 28, 2021

DavidD66 · ‎March 28, 2021

You made contributions to two types of 401(k) plans: The traditional plan and a Roth 401(k) plan. While there are many similarities between 401(k)s and IRAs, they are not the same thing. Do not report either of your 401(k) contributions reported in Box 12 as IRA contributions.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

DavidD66 · ‎March 28, 2021

You made contributions to two types of 401(k) plans: The traditional plan and a Roth 401(k) plan. While there are many similarities between 401(k)s and IRAs, they are not the same thing. Do not report either of your 401(k) contributions reported in Box 12 as IRA contributions.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

Hi there, I have a 401k and on my W-2's box 12 I see two rows: D and AA. Should I answer yes to the IRA question?