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Deductions & credits
I had the same thing this year…2024…where employer correctly reported a W in box $7750, within my limits as head of household, then said on form 5329 on line 47 I had an EXCESS of $7200. Did NOT separately enter ANY other figure then the imported W-2 correct figure of $7750. I see folks reported last year a glitch caused their system to grab and add to current year the year before. Seems to have happened again. HOPEFULLY the Fed will catch as the rest of my 1099 correctly reflects the single year figure. IF they don’t, we are ALL gonna be stuck filing amended 1099!
January 25, 2025
6:08 PM