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Where is ask to enter your regular Roth IRA contribution, does this include my 401k?

My 401k includes a rothira
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2 Best answer

Accepted Solutions
MindyB
Expert Alumni

Where is ask to enter your regular Roth IRA contribution, does this include my 401k?

No. If you contributed to a Roth 401(k) or a traditional 401(k) through your workplace, you should not enter that information in the IRA section.  The contributions would have already been properly accounted for in your W-2.

 

Here is some more information you may find helpful: IRA vs 401(k): Which Should I Invest in First?

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

Where is ask to enter your regular Roth IRA contribution, does this include my 401k?

The designated Roth account in your 401(k) is not a Roth IRA.  A 401(k) is not an IRA.

View solution in original post

2 Replies
MindyB
Expert Alumni

Where is ask to enter your regular Roth IRA contribution, does this include my 401k?

No. If you contributed to a Roth 401(k) or a traditional 401(k) through your workplace, you should not enter that information in the IRA section.  The contributions would have already been properly accounted for in your W-2.

 

Here is some more information you may find helpful: IRA vs 401(k): Which Should I Invest in First?

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

Where is ask to enter your regular Roth IRA contribution, does this include my 401k?

The designated Roth account in your 401(k) is not a Roth IRA.  A 401(k) is not an IRA.

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