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Level 1
June 1, 2019
Question

Telling me that I have an excess ira contribution penalty, but I only contributed $7557? I am able to contribute up to 18k so why is TT telling me I over contributed?

  • June 1, 2019
  • 1 reply
  • 8 views
Talked to Fidelity and they said I was not over on contributions for the year.

1 reply

Level 15
June 1, 2019

These are not regular personal IRA contributions.  The amounts shown in box 12 of your W-2 are to be entered only on TurboTax's W-2 Form.  Do not enter then anywhere else in TurboTax.