You'll need to sign in or create an account to connect with an expert.
Line 32 of what? Is this for a prior year? 401K contributions should not show up on your return at all. Schedule 1 line 32 is only for IRA. You do not enter 401K under Deductions & Credits as a contribution. Only enter 401K from your W2, nowhere else. It is a pretax item and has already been deducted from the wages in box 1 so you can't deduct them again.
Line 32 of What? They're in Box 12 of your W-2 (Code D), usually don't show up anywhere else in your return ...
No. A 401(k) is not an IRA.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
MD-Taxpayer1
Returning Member
jrodd774
New Member
b2c0c0679a5a
New Member
wallisrr
New Member
adriano
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.