7857
The following diagnostic is generating: The taxpayer's 403(b) contributions exceed the $23,500 limit. If the taxpayer does not qualify for the 15 years of service rule, the excess amount may need to be added to wages. Excess contributions can be entered in "Excess salary deferrals" (screen 14.1. code 26). If the taxpayer does qualify for the 15 years of service rule, check the "4031b) participant qualifying for the 15 years of service rule" box in the wages screen Refer to Form 1040 instructions and IRS Pub. 571 for more information. (ref. #7857)
