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Returning Member
posted Jan 19, 2024 11:42:59 AM

where does turbotax account for catch up contributions?

I am reviewing old tax records. I assumed entering the information from the W2 for 401k contributions would be part of its process. I cannot find how 2020 accounts for catch-up contributions. It keeps telling me I contributed excess.

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1 Replies
Level 15
Jan 19, 2024 11:50:12 AM

All contributions to a 401(k) are reported on the W-2 in box 12 with a code of D.