Elective Deferrals is more than the allowed $18500 for a 401k plan

[jimmythefung]

I confirm that I, too, am getting an infinite loop from the E-File page back to the review W2 page as of 4/4/2019.

I see from above comment that a software fix is planned for 4/5/2019 (which is tomorrow). I will check back again...

[TTUserfromCA]

Thanks, @jimmythefung. Do we keep everything else blank except for 1, 2a and 7? All boxes, including 12-14 should remain black as well, correct?

And 1 and 2a have the exact value of what I requested Vanguard to send back to me in the LOI. and 7 should be "P". Thanks so much!

Btw, I did see the comment about the release on April 5th. I tried and there remains 1 error on 12b when I run the Review... When will TurboTax fix this today? Is it perhaps later on April 5th and should we try again at night (PDT)?

[macuser_22]

Usually at night or late on 4/5.

[TTUserfromCA]

@macuser_22 , copy that! Will try late on 4/5 then! I'm happy to hear that answer rather than the fixes already went in and the issue still persists.

[macuser_22]

@TTUserfromCA you use one method of the other, not both.  If you followed TTMarilynG's method then you do NOT also enter a 1099-R.  They are just two different methods to do the exact same thing - add the returned amount to the 1040 line 1 wages - use the method that is simplest for you..   And this only properly reports the return of the taxable excess and has nothing to to with the W-2 e-file error which is a separate issue - a TT bug.

[macuser_22]

@TTUserfromCA - Are you using the CD/download version?  If so then update it.    There was a new update that I installed that seems to have fixed this.   (I entered a code D and $39,000 and went all the way to "Transmit Now" in the file section - error check did alert me to the excess, but did not stop e-fileing.

If you are using the online version then it should get updated today.

[TTUserfromCA]

@macuser_22, I tried TTMarilynG's recommendation and got the error in 12b. So I reversed everything and then tried yours. So I right now only have your recommendation reflected into my taxes.

With regard to what I'm using: I am using a CD/download version. I just installed everything it asked to be installed (maybe 4 hours ago) when I launched the app this morning.  I did code "P" for the 1099-R and it didn't work. Should I use code "D" and try again?

[macuser_22]

@TTUserfromCA - You are confusing two things.  The "error in box 12" on the W-2 is a TurboTax bug that has NOTHING whatsoever to do with reporting the excess contribution as taxable income.   TTMarilynG's method is the preferred method because there is less room for making an error on the 1099-R.  (A 1099-R code D is for an annuity and is not correct.)   Either a 2019 1099-R with a code P or TTMarilynG's method will put the excess on line 1 on the 1040 form.   It has NO effect on the W-2 or the W-2 error.

As long as an excess in in box 12 on the W-2, TurboTax will tell you that it is excess, which it is.  The error message is a warning in case you mis-entered the box 12 amount, but since you it is actually an excess then ignore the error message.

[TTUserfromCA]

Hi @macuser_22, I may very well have been. So let me regurgitate what I've understood so far and please let me know if it makes sense:

- My spouse has an excess contribution due to job changes in 2018
- I have the CD/download version of TurboTax and encountered this error in the "Review" tab
- I have implemented your recommendation - 2019 1099-R code P (since I already have this done)
- this now reflects under my Federal Taxes > Wages & Income > Retirement Plans and Social Security > IRA, 401(k), Pension Plan Withdrawals (1099-R) under the 2018 column
- I go to Federal Taxes > Smart Check and see the warning in 12b and ignore and proceed to the Review tab
- the Review tab analysis also provides me this warning on 12b
- I continue on to submit everything (crossing my fingers that nothing errors out!)

Looks okay?

[macuser_22]

Correct.

[TTUserfromCA]

@macuser_22 , quick update, I got through to filing and now I'm in File > File a Return > Transmit Your Returns (Transmit Returns Now). This is going into a loop...

Transmit Your Returns (Transmit Returns Now) > We Need to Make One More Check (Continue) > Check This Entry [12b warning] (Continue) > Transmit Your Returns (Transmit Returns Now)

Is this the one that is going to be fixed tonight (end of day 4/5)?

[macuser_22]

I have asked the moderators for a clarification since the FAQ says to print and mail.   

[TTUserfromCA]

Thanks! It is weird because the e-file is part of the package... also, I purchased the State e-file already as well since that page came up before this error... So I would hate it if I would have to separately manually file, after being asked to pay for the e-file functionality.

[jimmythefung]

I have to submit taxes for 2 states - MN and NY.
Problem #1: I already paid $24.99 for MN e-filing. Now I can't e-file, how to get a refund?
Problem #2: NYS mandates electronic filing, I don't think they accept paper filing anymore. What to do?
Problem #3: I purchased turbox tax because it is only valuable to me for a 100% streamlined electronic filing process. Now that none of the e-file works (federal, MN, NY), how do I return the product for refund?

[TTUserfromCA]

@jimmythefung , did you get instructions on how to get a refund? We should be paid compensation for all the undue stress this product has brought us too.