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I am a recent ChE graduate who got his first job. I promptly contributed to the company's 401k (up to their 4% match) and have maxed out a Roth IRA. I realize my question could easily be asked the taxation board, but it is such an easy question most people on this board should know. When it comes to be April 15th, how do I account for the 401k contribution and the Roth IRA contribution?
As I presently understand it the 401k contribution will show up on the 1040 form under a section specifically asking about 401k contributions. The Roth, however, I am a bit more unsure. It would appear as though I don't need to do any accounting for this until I withdraw. Am I correct? Thanks for your advice.
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