topic Simple IRA in Deductions & credits

Simple IRA

edgevirginia — Sun, 03 Oct 2021 17:42:57 GMT

I have box 12a income deferral for a Simple IRA. I'm using TurboTax Home & Business. How do I answer whether I made a contribution to a Simple IRA on the screen that asks if I made a contribution to a Keogh, SEP or Simple Plan? Is it double dipping to report the Box 12a amount?

Re: Simple IRA

Critter-3 — Sun, 03 Oct 2021 18:04:44 GMT

Do you have a W-2 with a code in box 12? If so that is the ONLY place you enter that information ... do not enter it again in the Business tab.

And was this W-2 issued by your own Sch C business ?

Re: Simple IRA

VolvoGirl — Sun, 03 Oct 2021 18:16:49 GMT

And Duplicate question

https://ttlc.intuit.com/community/get-started-in-community/help/simple-ira/00/2359028

Re: Simple IRA

edgevirginia — Sun, 03 Oct 2021 20:27:39 GMT

No; by my S-corp.