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adlangx
New Member

Telling me that I have an excess ira contribution penalty, but I only contributed $7557? I am able to contribute up to 18k so why is TT telling me I over contributed?

Talked to Fidelity and they said I was not over on contributions for the year.
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dmertz
Level 15

Telling me that I have an excess ira contribution penalty, but I only contributed $7557? I am able to contribute up to 18k so why is TT telling me I over contributed?

These are not regular personal IRA contributions.  The amounts shown in box 12 of your W-2 are to be entered only on TurboTax's W-2 Form.  Do not enter then anywhere else in TurboTax.

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