Hello. I'm working through turbotax deluxe and am at the "Tell Us How Much You Contributed" question in the Deductions & Credits section. It's not clear if I enter the full amount as shown on my IRA end-of-year statement, or if I can only claim what I myself contributed (excluding what my employer put in). Would anyone be able to point me in the right direction please?
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The answer depends on the type.
The answer depends on the type.
Hi Amy, thank you for replying! It's an employer-match IRA (eg. if I put in $50, they also put in $50). In that case, would I skip the IRA section of the program entirely?
Yes, the information is in Box 12 of your W-2. Your employer coded it so the program knows how much you contributed.
Be sure you entered the W-2 completely.
Thank you for confirming, Kris. Much appreciated!
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