- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
The information that you have entered into TurboTax does not support your assertion that you have not exceeded the permissible amount of a Roth IRA contribution. If you have not entered a sufficient amount of compensation from working to support the contribution or your Roth IRA contribution exceeds the amount permitted by your modified AGI for the purpose, you have made an excess contribution.
Also, enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax. If you entered any of these amounts under Deductions & Credits, go back and delete those erroneous entries.
‎January 31, 2024
2:22 PM