Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
401kquestion
New Member

TurboTax says that I am $1 over 401k limit even though I'm not

I have 2 W-2s, from which the 401k contributions total exactly 19000. However turbotax thinks I contributed 19001. (Maybe due to a rounding error? The contributions each end in .50) Is there any way to fix this issue?

2 Replies
SteamTrain
Level 15

TurboTax says that I am $1 over 401k limit even though I'm not

probably...make one of them xxxxxxxxxxx.49 in box 12

 

Not sure what else you can do.

..Maybe someone else has a better idea that will work.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
dmertz
Level 15

TurboTax says that I am $1 over 401k limit even though I'm not

That's the only solution.

Dynamic AdsDynamic Ads
Privacy Settings
v