topic Should my 401K contributions show up on line 32? in Retirement tax questions

Should my 401K contributions show up on line 32?

huskmph — Fri, 12 Jul 2019 01:52:02 GMT

Re: Should my 401K contributions show up on line 32?

VolvoGirl — Fri, 12 Jul 2019 01:56:39 GMT

Line 32 of what? Is this for a prior year? 401K contributions should not show up on your return at all. Schedule 1 line 32 is only for IRA. You do not enter 401K under Deductions & Credits as a contribution. Only enter 401K from your W2, nowhere else. It is a pretax item and has already been deducted from the wages in box 1 so you can't deduct them again.

Re: Should my 401K contributions show up on line 32?

Rainman12 — Fri, 12 Jul 2019 01:56:55 GMT

Line 32 of What? They're in Box 12 of your W-2 (Code D), usually don't show up anywhere else in your return ...

Re: Should my 401K contributions show up on line 32?

dmertz — Fri, 12 Jul 2019 12:32:01 GMT

No. A 401(k) is not an IRA.