turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Should my first time entering 12a-12d on my tax returns concerning my IRA be deducted?

After entering in the 12a-12d section of my W-2 turbo tax asks further questions about whether or not that contribution to the IRA is deductible. What does this mean? Do I go through with the deduction?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
BillM223
Employee Tax Expert

Should my first time entering 12a-12d on my tax returns concerning my IRA be deducted?

Boxes 12a to 12d are on your W-2, which is a report by your employer on your wages and withholdings. It is not normal for your employer to make IRA contributions for you. Do you mean contributions to a 401(k) or similar plan?

 

What exactly is the question that TurboTax asks you? Please tell us the sequence of screens that you see after you enter the W-2.

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

Should my first time entering 12a-12d on my tax returns concerning my IRA be deducted?

if you took amounts from W-2 and entered them as an IRA contribution you will get that question.

Don't do that.

enter amounts on your W-2 on the W-2 screen.

 

@mikeysyke34  

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question