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heydee171
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2021 K-1 401A questions

Hi, Before anything I do my own taxes, and yes I have talked to the IRS about this, but I have no idea how to enter this information on Turbo tax. The company I work for merged with another company and our K-1 is completely different this year. The main sticking point is our retirement investments. We invested the maximum of $19,500 for our 401K but have two different other retirement investments, one is a 401A and the other is a Cash Balance Plan which is a defined contribution. When I go from Box 13 R on my K-1, there is no box for the 401A and my cash balance plan. I did talk to our plan administrator and he thinks there should be an option or at least a miscellaneous box for these 2 options. I am at a loss because I don't know what to do because if I try to include it in my 401K, then I have an excess. Any advice would be appreciated and the IRS said this is a permissible deduction against my income just like it was a w-2...

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2021 K-1 401A questions

You might want to contact Support for guidance as to the entry procedure.

 

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