Ira is it 401k same thing ?

savannahdena — Thu, 06 Jun 2019 08:48:15 GMT

Not quite. They are both retirement savings accounts, bu...

KenH1 — Thu, 06 Jun 2019 08:48:17 GMT

Not quite. They are both retirement savings accounts, but the 401k is administered by your employer and reported on your W2, and the IRA is done on your own, and therefore reported separately in TurboTax:

https://ttlc.intuit.com/replies/5654593

topic Ira is it 401k same thing ? in Retirement tax questions

Ira is it 401k same thing ?

Not quite. They are both retirement savings accounts, bu...