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I over contributed to my employer sponsored retirement plan. I have both a 401K and 457(b). I am over 50 and am allowed $27k to each, however, I overcontributed by $21
to both, however, Turbo Tax states that I overcontributed only by $22 on my 401k, but doesn't include the $22 that I contributed to my 457(b). These are both included in Box 12 separately, 401(k) noted as code "D" and the 457(b) using code "G". Shouldn't my overpayment be $44, rather than $22 as indicated by Turbotax?
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‎February 2, 2023
11:57 AM