Retirement tax questions

Thanks for your reply; you are correct  that i'm not self-employed and that my W2 shows the maximum amount contributed under code AA ($19500 in 2021, etc)

 

The 1099-R that i have received from Fidelity the last two years details the extra amount of Roth 401k  ( above the W-2 AA / IRS limit) that is allowed to be contributed from paycheck deductions through the "Roth In-Plan Conversion" program.  

 

This is Fidelity's guide to that program:

https://nb.fidelity.com/bin-public/070_NB_PreLogin_Pages/documents/tva_RothInPlanConversionGuide.pdf

 

My core issue is when I enter in this 1099-R information in TurboTax, it ultimately leads to a page where Turbotax cautions me that i've contributed more than the allowed amount to 401k during the year and that i may be subject to penalties, etc.  

 

 Yes I contributed more than the $19,500 normal limit in 2021 but the Roth In-Plan Conversion  is part of an exception to that normal limit.    

 

To me this indicates that Turbotax may not have been updated to incorporate the Roth In-Plan Conversion program and recognize that the total amount of 401k contributions allowed in a year is higher than the normal IRS limit if a Roth In-Plan Conversion has been established. 

 

I hope that helps clarify the situation.  i'm just trying to make sure that I enter that information in correctly to Turbotax so the extra contributions aren't coded as taxable , or some penalty payment calculated, where there should be none