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Retirement tax questions
Good evening. I entered the loss on the excess deferral as suggested by putting it as a negative number in other taxable income. Now I'm at the last step of filing my taxes with TurboTax but when I click "transmit returns now" I get the "check this entry" error and bring me to the "other earned income" page of my return showing the loss and it says "wages, salaries, & tips worksheet: TP other earned inc shouldn't be less than zero". It seems like it won't let me proceed until I remove the negative number. What should I do?
‎February 26, 2021
6:46 PM