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Level 2
posted Mar 17, 2024 3:16:36 PM

individual 401k plan should not be greater than $27000 error

Turbotax won't let me e-file saying and brings me to screen with line 6a of the Keogh/SEP/SIMPLE Contributions worksheet. It states that taxpayer elective deferrals to individual account should not be greater than $27000, but the contribution limits in 2023 were $30000 including catchup contributions. Is this a bug in the program?

 

I don't want to mess with the numbers because the datea is from line 13R for my K1 statement which the IRS receives

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1 Replies
Expert Alumni
Mar 25, 2024 12:34:48 PM

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