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January 19, 2024
Question

where does turbotax account for catch up contributions?

  • January 19, 2024
  • 1 reply
  • 0 views

I am reviewing old tax records. I assumed entering the information from the W2 for 401k contributions would be part of its process. I cannot find how 2020 accounts for catch-up contributions. It keeps telling me I contributed excess.

    1 reply

    DoninGA
    January 19, 2024

    All contributions to a 401(k) are reported on the W-2 in box 12 with a code of D.