hattie-sheppard
Level 2
12-07-2019
05:03 AM
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I am trying to determine if the amount indicated as (D) on the W-2 constitutes as an amount that goes on the IRA summary as contributions to an IRA or not which will bring down the tax owed, or is this not considered an IRA?
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IRonMaN
Level 15
12-07-2019
05:03 AM
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I just have to ask - what software are you using?
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hattie-sheppard
Level 2
12-07-2019
05:04 AM
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IRonMaN
Level 15
12-07-2019
05:04 AM
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Thanks!
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abctax55
Level 15
12-07-2019
05:04 AM
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No
D= elective deferral. It's reflected in the difference between Box 1 & 3.
HumanKind... Be Both
Level 15
12-07-2019
05:04 AM
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You only enter the W2 as its shown, you don't enter those figures anywhere else on the return.
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hattie-sheppard
Level 2
02-22-2020
11:21 AM
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Thank you.
hattie-sheppard
Level 2
02-22-2020
01:59 PM
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Thank you.
Accountant-Man
Level 13
02-23-2020
02:48 PM
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No, employers don't have IRAs.
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