I am filing a married joint return, we are both over 50 & out combined 401k contribution is $51,594 in 2023. Turbo tax is sayin this is over by $21,594. Why? I thought $30K was the limit per individual?
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Somehow you've indicated that the entire $51,594 was contributed to only one individual's 401(k). When entering Forms 1099-R, make sure that, on the page that asks, you have indicated the correct individual to whom the W-2 being entered was issued.
Somehow you've indicated that the entire $51,594 was contributed to only one individual's 401(k). When entering Forms 1099-R, make sure that, on the page that asks, you have indicated the correct individual to whom the W-2 being entered was issued.
Perfect! TY.
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