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What do you do if you have a Roth IRA embedded in your 401k?

 
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dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

What do you do if you have a Roth IRA embedded in your 401k?

It's not a Roth IRA, it's a designated Roth account within the 401(k).  Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.

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1 Reply
dmertz
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

What do you do if you have a Roth IRA embedded in your 401k?

It's not a Roth IRA, it's a designated Roth account within the 401(k).  Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.

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