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W2 401k, Box 12 recording in TurboTax

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?

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3 Replies

W2 401k, Box 12 recording in TurboTax

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.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
dmertz
Level 15

W2 401k, Box 12 recording in TurboTax

And just to be clear, a 401(k) is not an IRA.

W2 401k, Box 12 recording in TurboTax

Yes, error in my explanation.  Realized it after I typed it. 

 

Thanks!

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