What if youve made your contribution to your ira thru your employee 401k payroll?
Are the amounts on your w2 line 12 to be listed as contriutions to an ira?
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1 Replies
MayaD
Expert Alumni
Feb 16, 2023 12:00:30 PM
No. IRA and a 401(k) are different. If you have an amount on your W2 with Code "D" in Box 12 - that's a 401(k), notan IRA. You don't enter that amount anywhere else on your return.
IRA contribution are not through an employer. If you made an IRA contribution follow the instructions in the below to enter your contribution: