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Ed7680
New Member

We contributed to our employers' 401k and Roth plans. Do we enter this under Contributions to a Traditional IRA or is this already accounted for via our W2s?

 
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2 Replies
dmertz
Level 15

We contributed to our employers' 401k and Roth plans. Do we enter this under Contributions to a Traditional IRA or is this already accounted for via our W2s?

Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.

 

Your contributions were not to an IRA, they were contributions to a 401(k).  A 401(k) is not an IRA.  The Roth account is part of the 401(k).

Ed7680
New Member

We contributed to our employers' 401k and Roth plans. Do we enter this under Contributions to a Traditional IRA or is this already accounted for via our W2s?

Awesome.  Thank you very much for your help.  

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