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Why if I already entered my IRA information in the wages and income section (pulls in with W2) am i having to enter again in the deductions/credit section?

Do I have to enter my traditional IRA information in deductions/credits when it has already been entered with my W2 information under wages and income?
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Why if I already entered my IRA information in the wages and income section (pulls in with W2) am i having to enter again in the deductions/credit section?

IRA information is NOT reported on a W-2 ... and you only enter something once in the program.  

 

So which W-2  box 12 code do you think represents a traditional or Roth IRA ?

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7 Replies

Why if I already entered my IRA information in the wages and income section (pulls in with W2) am i having to enter again in the deductions/credit section?

IRA information is NOT reported on a W-2 ... and you only enter something once in the program.  

 

So which W-2  box 12 code do you think represents a traditional or Roth IRA ?

Why if I already entered my IRA information in the wages and income section (pulls in with W2) am i having to enter again in the deductions/credit section?

12C?

Why if I already entered my IRA information in the wages and income section (pulls in with W2) am i having to enter again in the deductions/credit section?

No ... look at the BIG codes ... not the little box 12 a/b/c/d   which mean nothing ... 

 

Is it a AA  or  DD  or   E  or  S  ? 

 

w-2 box 12.PNG

Why if I already entered my IRA information in the wages and income section (pulls in with W2) am i having to enter again in the deductions/credit section?

D

Why if I already entered my IRA information in the wages and income section (pulls in with W2) am i having to enter again in the deductions/credit section?

Sorry DD

Why if I already entered my IRA information in the wages and income section (pulls in with W2) am i having to enter again in the deductions/credit section?

DD is employer provided health care

D is a 401K

Neither of those is a IRA.  You only report them on the W2.  An IRA is a plan outside of work like at your bank you contribute to with your own money like write a check.

Why if I already entered my IRA information in the wages and income section (pulls in with W2) am i having to enter again in the deductions/credit section?

Thank you for the info.

 

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