Solved: I didn't contribute to an IRA, but TurboTax believes I did and wants me to pay tax on excess contributions.
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tchandlee
New Member

I didn't contribute to an IRA, but TurboTax believes I did and wants me to pay tax on excess contributions.

I did contribute to a 401k, but not an IRA.
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Accepted Solutions
macuser_22
Level 15

I didn't contribute to an IRA, but TurboTax believes I did and wants me to pay tax on excess contributions.

Did you enter anything in the IRA contribution section?  If so remove it.  A 401(k) is only reported by your employer in box 12 on your W-2 - no where else.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post

1 Reply
macuser_22
Level 15

I didn't contribute to an IRA, but TurboTax believes I did and wants me to pay tax on excess contributions.

Did you enter anything in the IRA contribution section?  If so remove it.  A 401(k) is only reported by your employer in box 12 on your W-2 - no where else.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

View solution in original post

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