I think it is my 401-K contribution but how do I know?
021947
2 Replies
DanielV01
Expert Alumni
Jun 4, 2019 4:45:30 PM
It is a retirement plan contribution, but it technically is not a 401-K (that would be a symbol D). This contribution is from a SIMPLE or a SEP plan. For more information on box 12 codes, please see this FAQ: https://ttlc.intuit.com/replies/3300234
dmertz
Level 15
Jun 4, 2019 4:45:31 PM
Code S is for an elective deferral to a SIMPLE IRA only, not a SEP-IRA.
Enter the code S amount only on TurboTax's W-2 form.