Solved: Re: Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

ARC371 · ‎February 1, 2024

I believe this is the case for me too. It is a SIMPLE IRA, not a Roth IRA. I'm entering $0 to the question of "How much of the $xxxx.xx in retirement contributions from your W-2 (box 12) went to a SIMPLE Roth IRA plan?."

The way they have it worded in Turbo Tax is confusing. There is no such thing as a "SIMPLE Roth IRA plan..."

From the IRS website: A SIMPLE IRA cannot be a Roth IRA.

https://www.irs.gov/retirement-plans/plan-sponsor/simple-ira-plan#:~:text=A%20SIMPLE%20IRA%20cannot%....

JB8808 · ‎February 1, 2024

Its supposed to be ready by the 10h, according to a help agent I talked to this past Friday

BJ48 · ‎February 1, 2024

Mine with through

wbmfamillyservices1942 · ‎February 1, 2024

Its now 2/1/204 and this issue persists. Has anyone had an update?

BillM223 · ‎February 1, 2024

Please try to e-file again. The issue with the SIMPLE IRA has been reported to be fixed, and as you can see, the person above you in this thread reported that they were able to e-file.

Let us know what happens.

@wbmfamillyservices1942

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BJ48 · ‎February 1, 2024

It worked im accepted already

michellepane83 · ‎February 1, 2024

Thank you!!!

lnichols59 · ‎February 1, 2024

Exactly… no such thing as a SIMPLE Roth IRA!!! That’s why I included in my response…. key word ‘Roth’! It’s almost like TurboTax tried to make it even more confusing by asking how much included in Box 12 went to a SIMPLE Roth IRA plan!!!! Well… duh…. NONE!🤦‍♀️

lnichols59 · ‎February 1, 2024

@JB8808 Try again! A number of us were able to file last night. When you go back to ‘Fix problem’, you should get another pop up screen that asks you to identify …” how much of your Box 12 amount on your W-2 is for a SIMPLE Roth IRA”. If your Box 12 amount is correctly reporting ONLY SIMPLE plan contributions, then you put -0- in their check box! NONE of your amount in box 12 of your W-2 has anything to do with ROTH!!!!!

LRowan · ‎February 1, 2024

This problem is not fixed. I am trying to file now and it will not work. The program simply says check with us after the 7th. It is absolute BS that I can not file when I know I have all the right information. I have entered S because I have a simple IRA at my work, and it keeps showing that S as red and will not let me put it through. I am using the desktop deluxe version. Absolutely wishing I hadn't gone with TurboTax and seriously considering not using it in the future.

JJeditor · ‎February 2, 2024

I'm losing my patience. I'm continuing to get the same message (" blah, blah, blah, check back with us after Feb.7), but none of the issues reported in this thread apply to our situation. You all seem to be having issues with the W-2 form. In our case, my wife's W-2 reports the letter "E" in box 12, which correctly means she contributes to a 403(b), and TT seems fine with that. But I am self employed, and TT keeps highlighting the amount on line 4C (Total Traditional SEP IRA contributions) in red, even though I know that figure is correct. Some people in this thread say they've finally been able to file and some of us still cannot. What is going on, TT? Is the issue fixed or not? Can an expert reply to this thread and shed some real light on this? In case it matters, I'm using Turbotax Home and Business. After more than 25 years, I may also bail on TT.

PatriciaV · ‎February 2, 2024

If you are still unable to e-file your return due to a W-2 Box 12 message, you might delete the W-2 in question. Save your return, exit TurboTax, then open your return and re-enter the W-2. Run Review to see if the issue has been resolved.

@JJeditor

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JJeditor · ‎February 2, 2024

Hi, Patricia,

Thank you for reaching out to me. I followed your suggestion, but the problem is still there. To clarify, the problem doesn't seem to have anything to do with box 12 on my wife's W-2 form at all. Instead, it keeps coming up in line 4c on the "keogh/SEP/Simple IRA Contribution worksheet." TT put 16,252 on that line, which is definitely correct. It's MY traditional SEP IRA contribution, but TT keeps highlighting that figure in red and giving me that message about checking back after Feb. 7. I hope you can understand my frustration. Any other ideas?

BJ48 · ‎February 2, 2024

My w-2 said 12f and it went through

Manda1 · ‎February 2, 2024

I'm having the same problem. The error seems to be associated with my SEP IRA (non Roth) contribution as a self employed person, not W2. The numbers are correct but it keeps saying check back February 7.

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Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

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Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

Getting msg saying "we are updating how sep and simple plan contributions are reported on the tax return based on new guidance from the irs check back later" help plz?

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