Solved: Individual 401k contribution is maximizing the elective deferral even though I unchecked the maximum contribution box and entered a reduced elective deferral.

Individual 401k contribution is maximizing the elective deferral even though I unchecked the maximum contribution box and entered a reduced elective deferral.

posted

I suggest deleting TurboTax's Keogh, SEP and SIMPLE Contribution Worksheet and then going back and reentering your reduced elective deferral.

View solution in original post

I suggest deleting TurboTax's Keogh, SEP and SIMPLE Contribution Worksheet and then going back and reentering your reduced elective deferral.

In 2022 I used the TurboTax download to prepare my tax return and that was the first year I had Qualified Charitable Contribution (QCD) as part of my IRA RMD. I got an IRS Notice: CP2000 about that return stating that "We couldn't identify the retire...

in [Event] Ask the Experts: Amending Your Taxes

Expert does your taxes

Do it yourself

Resources

Support

Individual 401k contribution is maximizing the elective deferral even though I unchecked the maximum contribution box and entered a reduced elective deferral.

Individual 401k contribution is maximizing the elective deferral even though I unchecked the maximum contribution box and entered a reduced elective deferral.

Individual 401k contribution is maximizing the elective deferral even though I unchecked the maximum contribution box and entered a reduced elective deferral.

Get more help

Do you have a TurboTax Online account?

Individual 401k contribution is maximizing the elective deferral even though I unchecked the maximum contribution box and entered a reduced elective deferral.

Do you have an Intuit account?

Individual 401k contribution is maximizing the elective deferral even though I unchecked the maximum contribution box and entered a reduced elective deferral.

Individual 401k contribution is maximizing the elective deferral even though I unchecked the maximum contribution box and entered a reduced elective deferral.

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert