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New Member

Had excess contribution for my 401k reported it as Less Common Income Still get an error: Elective referrals TP$ is more than the allowed 18500 for 401K. Check your entry

I withdrew the excess amount in time and i ahve reported the gross amount as "Less common income" Following the steps in this ticket https://ttlc.intuit.com/questions/4698683-in-my-elective-deferrals-to-401k-i-have-an-overage-how-do-....

When I try to file my return, Turbotax won't allow me to file because the 401k field is higher than 18500. It keep sending me back asking me to check the field.

What should I do? edit the the W2 401k field? Is there a step i've missed?

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Level 4

Had excess contribution for my 401k reported it as Less Common Income Still get an error: Elective referrals TP$ is more than the allowed 18500 for 401K. Check your entry

No, you should not edit your W2 401(K) field and you haven't missed any steps.

TurboTax is aware of the e-filing issue that you are having and is currently working on a solution. An update to fix the issue is expected to be released around 4/5/2019.  

Be sure to sign up for updates to be alerted as soon as there is a solution.  If you do not want to wait for an update, you have the option to paper file your tax returns as this is only an e-filing issue.

You can check out this TurboTax FAQ for more information: Excess 401(k) Contribution Preventing E-filing.

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New Member

Had excess contribution for my 401k reported it as Less Common Income Still get an error: Elective referrals TP$ is more than the allowed 18500 for 401K. Check your entry

How is this issue going to be resolved? Will turbo tax allow individuals who have excess contribution efile?
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New Member

Had excess contribution for my 401k reported it as Less Common Income Still get an error: Elective referrals TP$ is more than the allowed 18500 for 401K. Check your entry

Go to the link TurboTaxRachelW posted and sign up to be serges when the fix is in. From my understanding, they are trying to make it where you can efile.
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New Member

Had excess contribution for my 401k reported it as Less Common Income Still get an error: Elective referrals TP$ is more than the allowed 18500 for 401K. Check your entry

@TurboTaxRachelW  There was not fix for this on the date. I still have to file by paper which I really want to avoid. Is Turbotax going to fix this before the filling deadline is over? If not will Turbotax refund us ?
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