lxl
Level 2

W-2 Box 12 - Elective Deferrals (D) total $19500, but TurboTax says $19501

I received two W-2s this year. The first W-2 has box 12 filled with code D and amount 5687.50. The second W-2 has box 12 filled with code D and amount 13812.50.

 

When I click "Done with income", TurboTax prompts me to check my retirement contributions and tells me I contributed $19501 to retirement plan(s). It tells me my overpayment amount is $1.

 

If my calculator is correct, 5687.50 + 13812.50 = 19500. I've double checked the numbers multiple times. Everything was imported correctly and the values match the physical W-2.

 

What's going on and how do I fix this?

 

Thanks