- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Report error on KEOGH/SEP Worksheet in 2020 Turbotax Home and Business
In Part III of the KEOGH/SEP worksheet there are errors on Line 9 and Line 17:
Line 9 shows and uses $19,000 as the maximum allowable elective deferral. that was the 2019 number, the correct number for 2020 is $19,500 (as the accompanying text states).
Line 17 shows and uses $6,000 as the maximum allowable catch-up contribution. That was the 2019 number, the correct number for 2020 is $6,500 (as the accompanying text states).
Please correct and update the software.
Topics:
‎February 10, 2021
1:51 PM