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April 12, 2020
Question

Simple retirement plan contributions

  • April 12, 2020
  • 1 reply
  • 0 views

I am a partner and receive a Schedule K-1.  The company's matching contribution to Simple plan is listed on K-1, however my contribution is not on K-1.  There is a space to enter my contribution on the step-by-step which I entered. However when I try to transmit my tax forms Turbotax refers back to my contribution entry saying it exceeds the company's matching contribution and will not transmit my tax forms.

Where else can I enter my contributions?

    1 reply

    DavidS127
    April 13, 2020

    More information may help resolve your issue.  For example, what is the amount for your SIMPLE contribution on Schedule 1, Part II, Line 15 and the amount and box/code of the company's matching SIMPLE contribution reported on the Schedule K-1?

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