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April 7, 2022
Question

401k Roth contribution

  • April 7, 2022
  • 1 reply
  • 0 views

Do I need to report any amount invested in my roth IRA through work 401k?  Also, TurboTax asks the value of my roth IRA on 12.31.21, when I enter the total value (because I contributed in a previous year), it says I contributed over the allowable amount.  Do I just enter what I invested for tax year 2021 versus the total value as I did not invest over the $6,000 limit?

    1 reply

    April 7, 2022

    The only thing you report for your Roth 401(k) is done through box 12 of your W-2.  I would just enter the value you contributed in 2021. 

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