I am trying to file my taxes but TT won't allow me to do so. It says I have an error on the Keogh/SEP/Simple worksheet. I contributed the maximum amount to my solo 401k of $22,500. I also contributed the over 50 amount of $7,500. And my business contributed another $33,000. The worksheet shows the amounts on lines 6a, 6c and 6e. However, TT shows I have an error on line 6a and that it shouldn't be over $22,500. It's not - it is exactly $22,500. I have re-entered it several times but the error persists.
And it won't allow me to e-file unless I clear the error, despite the fact that it appears correct. I am open to suggestions. I suspect there is another place where something is not correct, but I cannot seem to find it. I've been through the questions several times. And been through the business income section several times. I am at a loss of how to correct the error (which doesn't appear to be an error to me).
Thanks
You'll need to sign in or create an account to connect with an expert.
This is a known problem. The following thread provides a workaround:
This worked. Silly way to handle it - just needs to be fixed.
But thank you for the quick response which allowed the returns to be transmissted!
The 3/28/2024 update fixes this bug.
I am working on my tax return reviewing an error 2024 Keogh/ SEP worksheet, individual 401k section and this bug still seems to be active from past years. I have input $23,000 on line 6a and the $7500 catch up contribution on line 6c, totaling the max $30,500 on line d, but keep getting the error on line 6a. Any ideas?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
user17763899742
New Member
JeffLyons75
New Member
peter-roach
New Member
merlotgamay
New Member
matthewacker42
New Member