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Level 2
March 28, 2023
Question

Earned $291,699 and contributed $20,500. Wasn't over contributed. Diagnostics:The taxpayer's 401(k) contributions > $20,500 limit. Excess $ may need to be added back.

  • March 28, 2023
  • 1 reply
  • 5 views
Don't understand the critical error message.
w-2 box  $291,699 
       box 12b $20,500
MFJ return
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1 reply

sjrcpa
Level 15
March 28, 2023

Do Taxpayer and spouse each have a W-2? If so, did you mark each as belonging to T or S as appropriate?

The more I know the more I don’t know.