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Level 1
posted Jun 3, 2019 11:51:25 AM

My employer over withheld my 2018 Roth IRA contribution. Can I correct for " ..elected deferrals is more than allowed" W2 Summary Sheet (line 12) error in TT?

My company corrected the over withholding, but did not provide an adjusted W2.  Since I have to put the correct W2 figures in on my return I keep getting  the TurboTax error and cannot file electronically.

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1 Replies
Level 15
Jun 3, 2019 11:51:27 AM

Your contributions shown in box 12 of your W-2 are contributions to a Roth 401(k), Roth 403(b), Roth 457(b) or federal Roth TSP, not contributions to a Roth IRA.

TurboTax currently has a problem with accounting for the corrective distribution that you received for this.  See the following TurboTax FAQ:

https://ttlc.intuit.com/replies/7327357