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January 24, 2025
Question

My 401K through my job is a roth ira account. Do I list my contributions to my 401K in the "traditional IRA and Roth IRA" section of my return?

  • January 24, 2025
  • 2 replies
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    2 replies

    DoninGA
    Employee
    January 24, 2025

    Check again with your employer. 

    If you have any type of Roth as a retirement account it will probably be a Roth 401(k) or 403(b) plan.

     

    Look at your W-2 in box 12 is an amount listed with a code of AA?  If so you are contributing to a Roth 401(k)

    Or is the code a BB?  If so you are contributing to a Roth 403(b)

     

    The amounts shown in box 12 are not entered anywhere else on your tax return.

    Employee
    January 24, 2025

    As DoninGA implies, a 401(k) is not an IRA.  Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.