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ambmay
New Member

Can I claim contributions made to a Rollover IRA opened years ago? I also contribute to a 401k.

 
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Can I claim contributions made to a Rollover IRA opened years ago? I also contribute to a 401k.

Yes if you made new IRA contribution.   401(k) contributions are reported in box 12 on your W-2.

Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.

OR  Use the "Tools" menu  (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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2 Replies

Can I claim contributions made to a Rollover IRA opened years ago? I also contribute to a 401k.

Yes if you made new IRA contribution.   401(k) contributions are reported in box 12 on your W-2.

Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.

OR  Use the "Tools" menu  (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
ambmay
New Member

Can I claim contributions made to a Rollover IRA opened years ago? I also contribute to a 401k.

Thanks!

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