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winstonwolf
Returning Member

Keogh/Sep worksheet reporting incorrect error

Self Employed here with individual roth and traditional 401k Plans.

My total contributions for 2023 is $30000. I am over 50 so catch up comes into play.

Traditional is $16600

line 6a --> $9100

Line 6b --> $7500

 

Roth Contribution is $13,400

line 7a --> $13400

 

I am getting an error that says "Taxpayer Elective contributions to Ind 401k plan and roth 401k plans should not be greater than $22500"

6a and 7a total 22500.

 

Something appears to be broken???

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1 Reply
dmertz
Level 15

Keogh/Sep worksheet reporting incorrect error

Claim the catch-up as being Roth instead of traditional:

 

Line 6a: $16,600

Line 7a: $5,900

Line 7c: $7,500

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