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"Other Income" could be almost anything, but it's not the contributions to your 401K. Possibilities are State tax refunds, Alimony, Business Income, Rental Income, Capital Gains and Unemployment Compensation. Review your entries in the Income section in Turbotax. The $16,000 should show up in the list Your income and expenses and you should be able to review where the amount came from.
Thank you for the reply! I checked my 2018 returns and I do not see the additional $16k I only see the income from my 2 jobs which makes sense to me. I did not receive any alimony or capital gains etc my only income is from my 2 jobs which I have W2's for. The only time I saw this $16k is when I received an email from Turbo saying "my numbers were ready" so I clicked it and it calculated my credit score, income, debt, debt to income ratio etc. I noticed the income for 2018 was higher than what I took home so I clicked it and then saw this "other" category for $16k along with my 2 jobs listed. I assumed it was my retirement contribution since the amount is very close to what I put in only off by $120. So I am still confused as to where it came from because my 2018 taxable total wages do not include this amount but thanks for your help!
I am not sure what you are looking at, but you can preview your tax return to assure yourself that you are not being taxed for $16,000 of income that you never received.
To preview your 1040:
Then review your income to make sure that this isn't being added to your income. If it is, and you can't figure out what it is, you should clear your return and start over to start from scratch without the incorrect entry.
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