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March 25, 2024
Question

Solo 401k error - worksheet

  • March 25, 2024
  • 2 replies
  • 0 views

I am trying to file my taxes but TT won't allow me to do so.  It says I have an error on the Keogh/SEP/Simple worksheet.  I contributed the maximum amount to my solo 401k of $22,500.  I also contributed the over 50 amount of $7,500.  And my business contributed another $33,000.  The worksheet shows the amounts on lines 6a, 6c and 6e.  However, TT shows I have an error on line 6a and that it shouldn't be over $22,500.  It's not - it is exactly $22,500.  I have re-entered it several times but the error persists.  

 

And it won't allow me to e-file unless I clear the error, despite the fact that it appears correct.  I am open to suggestions.  I suspect there is another place where something is not correct, but I cannot seem to find it.  I've been through the questions several times.  And been through the business income section several times.  I am at a loss of how to correct the error (which doesn't appear to be an error to me).

 

Thanks

    2 replies

    Employee
    March 25, 2024
    Trigger2Author
    March 26, 2024

    This worked.  Silly way to handle it - just needs to be fixed.

     

    But thank you for the quick response which allowed the returns to be transmissted!

     

    Employee
    March 28, 2024

    The 3/28/2024 update fixes this bug.

    February 17, 2025

    I am working on my tax return reviewing an error 2024 Keogh/ SEP worksheet, individual 401k section and this bug still seems to be active from past years.  I have input $23,000 on line 6a and the $7500 catch up contribution on line 6c, totaling the max $30,500 on line d, but keep getting the error on line 6a.  Any ideas?