2580501

Turbotax overcalculated my 401 K contributions

I had two employers who both contributed towards 401K traditional account. While the total adds up to the annual IRS limit of 19500, each employer reported the exact amount in their W2, including the 50 cents. Seems like TurboTax rounded off both amounts and claims I have overfunded my 401K by $1. How do I remedy this?

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Turbotax overcalculated my 401 K contributions

You can round down the cents on one of the W-2 forms to resolve the issue.

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