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Retirement tax questions
Hi Dave,
I followed your instructions to input the Cash Balance Plan contribution into the Keogh Defined Benefit section of Turbo Tax. In addition to the Cash Balance Plan, there were contributions to a 401k. The 1065 k1 has a total of $186,000 on line 13R. This should be $61,000 for the 401K and $125,000 for the Cash Balance Plan. I'm now getting an error for the $20,500 employee deferral amount to the 401K. Please help!
‎April 1, 2023
3:45 PM