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Level 1
Apr 12, 2020 6:38 PM UTC
Question

Simple retirement plan contributions

I am a partner and receive a Schedule K-1.  The company's matching contribution to Simple plan is listed on K-1, however my contribution is not on K-1.  There is a space to enter my contribution on the step-by-step which I entered. However when I try to transmit my tax forms Turbotax refers back to my contribution entry saying it exceeds the company's matching contribution and will not transmit my tax forms.

Where else can I enter my contributions?

    1 reply

    DavidS127
    Alumni - Intuit
    Apr 13, 2020 6:45 PM UTC

    More information may help resolve your issue.  For example, what is the amount for your SIMPLE contribution on Schedule 1, Part II, Line 15 and the amount and box/code of the company's matching SIMPLE contribution reported on the Schedule K-1?

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