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Retirement tax questions
I guess I do not understand you question. If you did not enter the contribution then how do you know that it is disallowed? Where did you enter it that tells you than only $4,850 is allowed?
(The only way a Traditional IRA contribution would be disallowed would be if you did not have at least $7,000 of taxable compensation.)
You did not try to enter your 401(k) contribution as a IRA did you? A 401(K) is NOT an IRA and is only entered in box 12 on yiur W-2 - nowhere else.
Enter IRA contributions here:
Federal Taxes,
Deductions & Credits,
I’ll choose what I work on (if that screen comes up),
Retirement & Investments,
Traditional & Roth IRA contribution.
OR Use the "Tools" menu (if online version under My Account) and then "Search Topics" for "ira contributions" which will take you to the same place.