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spudship
New Member

Should I add my self directed Roth IRA contributions to my 401(k) Roth IRA contributions when I report my total Roth IRA contributions in Turbo Tax?

This question pertains to the section of Turbo Tax in the Deductions and Credits section where it asks me to enter my total Roth IRA contributions for 2023.  My401(k) is a Qualified Retirement Program, and I am not sure whether the Roth money in my 401(k) should be added to my total Roth IRA contributions for 2023.
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1 Reply
dmertz
Level 15

Should I add my self directed Roth IRA contributions to my 401(k) Roth IRA contributions when I report my total Roth IRA contributions in Turbo Tax?

A 401(k) is not an IRA.  When TurboTax asks for your year-end balance in your Roth IRAs, enter only the amount in Roth IRAs and do not include any amount that is in the designated Roth account of your 401(k).

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