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February 13, 2021
Question

Smart Check Error: traditional IRA contributions for 2020 made in 2021 should not be more than zero

  • February 13, 2021
  • 1 reply
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I'm getting the following error with reporting IRA contributions made after 1/1/21?  

 

Smart Check Error: traditional IRA contributions for 2020 made in 2021 should not be more than zero

 

Thanks,

 

Nate

    1 reply

    Employee
    February 13, 2021

    Any amount entered as the amount contributed for 2020 in 2021 must also be present in the entry that you make of the total amount contributed for 2020.  This error message implies that you overlooked entering thet total amount contributed for 2020 (or you didn't make any contribution for 2020 at all and simply need to remove the entry where you told TurboTax the amount contributed for 2020 in 2021.  Revisit the IRA contribution section and correct your entries.