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Level 2
March 26, 2024
Question

401k contribution from schedule k-1

  • March 26, 2024
  • 1 reply
  • 10 views

Proseries still has the 2022 limits for elective deferrals to an individual 401(k) plan from Schedule K-1 (partnership) in the program. When will they update the program to allow for the 30,000 maximum contribution (for partner over 50 years old)? My client would like to file their returns before April 15. This is the ONLY hold up.

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1 reply

Level 2
March 27, 2024

Have we gotten any reponse from Proseries on this question?  Are they aware it is an error.  Seems to me it should be an easy fix!