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Simple IRA

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?

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3 Replies

Simple IRA

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 ?  

Simple IRA

No; by my S-corp.

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