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January 17, 2024
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Can I put the information for my Simple IRA under the traditional IRA section? If not, where?

  • January 17, 2024
  • 1 reply
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Best answer by dmertz

Do you mean salary reduction contributions to a SIMPLE IRA plan provided by your employer?  These are reported with code S in box 12 of your W-2.  Enter amounts shown in box 12 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.  Your employer has already excluded these salary reduction contributions from the taxable amount in box 1 of your W-2 so you don't get to deduct them again.

1 reply

dmertzAnswer
Employee
January 17, 2024

Do you mean salary reduction contributions to a SIMPLE IRA plan provided by your employer?  These are reported with code S in box 12 of your W-2.  Enter amounts shown in box 12 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.  Your employer has already excluded these salary reduction contributions from the taxable amount in box 1 of your W-2 so you don't get to deduct them again.