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New Member
posted Jan 23, 2024 2:35:20 PM

TurboTax is not recognizing Simple IRA contributions under code S - any advice?

TurboTax says the IRS is updating the way Simple IRA contributions are reported and to "check back soon"... I would like to finish filing before Jan 31

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1 Replies
Employee Tax Expert
Jan 24, 2024 6:10:58 AM

TurboTax programmers are currently implementing some recent IRS changes for reporting SEP and SIMPLE plan contributions. While there isn't an estimated date for when the changes will be done, you can test this by editing your W-2 every 5-7 days to check on the status. Note that the IRS will open for e-filing on January 29.