by TurboTax•907• Updated 1 month ago
If you have a 401(k) or TSP through your employer, your contribution is reported in Box 12 of your W-2 with the letter code D.
Because your contribution is included in your W-2, do not re-enter it in the retirement section.
Individual 401(k) plans for the self-employed (also called solo 401(k) or solo-K plans) are entered in the Other Business Situations section of Income & Expenses in TurboTax.
Note: If your TurboTax navigation looks different from what’s described here, learn more.
See Also
How to Report Solo 401k Contributions on Your 1040 Tax Return: A Step-by-Step Guide for Sole Proprietor/1099 Independent Contractor - My Solo 401k FinancialSolo 401(k) contribution limits: Maximize your retirement savingsSole Proprietorship Solo 401k Contributions - Solo 401kSolo 401(k) contribution limits 2024 | Fidelity