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I contributed to a qualified Roth IRA. On my Credit for Qualified Retirement Savings Contributions (Form 8880), why does it duplicate my line 1 contribution on line 2?

Forum|Forum|6 years ago
February 12, 2020
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Is it expected that the amount would be the same if your only Roth IRA contributions were elective deferrals to a qualified employer Roth IRA?

TurboTax Premier Online

Best answer by dmertz

You have mistakenly entered the contributions to the Roth account at your employer as Roth IRA contributions. The Roth account with your employer is not a Roth IRA. Go back to Deductions & Credits -> Retirement and Investments -> Traditional and Roth IRA contributions section of TurboTax and remove the contribution entry you made there. Amount reported in box 12 of your W-2 are to be entered only in bx 12 of TurboTax's W-2 form, nowhere else in TurboTax.

D

dmertzAnswer

Employee

You have mistakenly entered the contributions to the Roth account at your employer as Roth IRA contributions. The Roth account with your employer is not a Roth IRA. Go back to Deductions & Credits -> Retirement and Investments -> Traditional and Roth IRA contributions section of TurboTax and remove the contribution entry you made there. Amount reported in box 12 of your W-2 are to be entered only in bx 12 of TurboTax's W-2 form, nowhere else in TurboTax.