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J
jmontoya94
June 1, 2019
Question

I have a simple ira, I was wondering if i input that inforamtion under retirement ?

  • June 1, 2019
  • 1 reply
  • 0 views
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1 reply

J
JaimeG
Employee
June 1, 2019

It is not necessary to enter the information regarding your SIMPLE IRA in any separate section of TurboTax. Your SIMPLE IRA consists of contributions made by you and/or your employer and this information is included in your W2. When you enter the information from Box 12 of your W2 into TurboTax you will be declaring your SIMPLE IRA contributions as well.

For a Quick Read regarding SIMPLE IRA contributions and how they affect your return please follow the link below:

https://www.irs.gov/retirement-plans/retirement-plans-faqs-regarding-simple-ira-plans

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