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JJKNN
New Member

KEOGH/SEP/SIMPLE Contribution Worksheet Error: Line 6A

Using Desktop Mac Version

 

I have a K1 (1065). I contributed $30,000 to my 401k plan ($22,500 + $7,500 catch being over age 50). I inputted this amount ($30,000) ) into Box 13, Code R-7 (Payments made to an Individual 401K plan)

 

When I run the smart check, I get the above error: Taxpayer elective deferrals to an individual 401k plan should not be greater than $27000

 

Opening the Worksheet:

 

6a: I try to put 22500, still gives an error and makes 6d more than 30000. Putting 0 or blank also gives an error

6b: Cannot change the value of 30000

6c: Enter catch-up contributions - I try 7500 but changes 6d to more than 30000

6d: Total elective deferrals--value is not correct (should be 30000, but changing 6a or 6c increases that)

 

I think there is an issue with program importing and adding up the wrong numbers

 

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1 Reply
dmertz
Level 15

KEOGH/SEP/SIMPLE Contribution Worksheet Error: Line 6A

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