When I put in my simple IRA contribution info. I got a error message stating since I contributed more money into my simple IRA than I earned I was going to accrue a 6% penalty every year on the overage amount until withdraw the overage amount. I made more than the IRA contribute amount and I can't seem to find my error. Can you suggest an area to start looking? I went over my w2 info and it was all entered correctly.
Thank
Jason
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