Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Apr 17, 2022 1:57:40 PM

Roth deduction

My wife and I both contribute to ROTH in our employer's 401K. In the deductions section it wants to know if we contributed to Traditional IRA and ROTH IRA. It tells me that Traditional doesn't count if you contributed that money to an employer's 401K but it does not say that on the ROTH contribution. Do I enter my ROTH $ amount stated on my W2 under block 12a(AA) in this deduction section?

0 1 461
1 Replies
Employee Tax Expert
Apr 17, 2022 2:07:19 PM

No you do not count your Roth 401(k) as contributions to a Roth IRA.