TurboTax has calculated the 6% excise tax on excess contributions as you have entered your Simple IRA contributions as contributions to a Traditional or Roth IRA. You need to revisit the IRA and delete your entry.
If you are an employee and have contributed to a Simple IRA, your contributions are already reported on your form W-2. They are deducted form taxable wages in box 1 of form W-2 and are also reported in box 12. You do not need to enter your contributions again in TurboTax.
The employee contribution limit for 2017 is $12,500 (plus a catch-up of $3,000 if age 50 or over).
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