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3 replies

macuser_22
macuser_22
Employee
June 1, 2019
It would be reported on your W-2 if through your employer or you report it in schedule C if self employed.

Or do you mean a Traditional IRA and not a SIMPLE IRA?
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
D
d_trivediAuthor
June 1, 2019
As I understand simple ira is through your employer (which is what i have) and traditional is an ira other than simple to which you make a contribution. "Additional IRA" so to speak. So for my situation I can't claim deduction in the traditional IRA section correct?
macuser_22
macuser_22
Employee
June 1, 2019
No.  the SIMPLE would be reported by your employer in box 12 on yiur W-2

You do not report it again.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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