Good Day,
I received my W2 form which contains 401k contribution and D in box 12. Additionally, it contains a retirement plan checkmark in box 13. I entered the W2 data into TurboTax manually exactly as it appears in the W2 form.
Now I am in the Deductions and Credits, Retirement and Investments" series of questions. Replied yes to the question that reads "Do you have retirement ..." and "Did (name) contribute to Traditional IRA" questions.
I assume I need to record the W2, D—Elective deferrals to a section 401(k) amount? Yes?
You'll need to sign in or create an account to connect with an expert.
Do not enter that retirement contribution again. You entered it when you entered your W-2. That is the only place that you enter that information.
And just to be clear, a 401(k) is not an IRA.
Yes, error in my explanation. Realized it after I typed it.
Thanks!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
rcs_ltd
New Member
AndrewK24
Returning Member
zzz8881
Returning Member
packfan444
New Member
Tax_payer03
Level 1
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.