topic Re: RETIREMENT in Investing

RETIREMENT

DAVID189 — Sat, 20 Mar 2021 00:16:04 GMT

Three questions.

If I contributed to a Roth can I deduct that amount?

I received a form 1099-R. I rolled the money over into a retirement account. Do I need to report it anywhere in my taxes?

I entered my employee retirement account contributions from box 12b when first started entering information from my W2. Do I reenter the amount in retirement section?

Re: RETIREMENT

macuser_22 — Sat, 20 Mar 2021 00:20:40 GMT

@DAVID189 wrote:

Three questions.

If I contributed to a Roth can I deduct that amount?

I received a form 1099-R. I rolled the money over into a retirement account. Do I need to report it anywhere in my taxes?

I entered my employee retirement account contributions from box 12b when first started entering information from my W2. Do I reenter the amount in retirement section?

#1 No - Roth's are not deductible.

#2 Yes. Any 1099-R must be reported in the Retirement 1099-R section.

#3 No. only in the W-2. The employer has already reported it.

Re: RETIREMENT

DAVID189 — Sat, 20 Mar 2021 00:24:56 GMT

Thank you!