Calculation of I 401(k) employee contributions is wrong in ProSeries Basic

Forum|Forum|5 years ago
January 14, 2021
8 replies
26 views

Self-employed with Individual 401(k) plan. When calculating employee contributions for ty 2020, ProSeries Basic indicates max is $19,000 with catch up of $6,000.

When will programmers reflect the proper amount for ty 2020 of $19,500 plus $6,500 catch for total of $26,000?

I have to overwrite the entries right now.

And how do you make "suggestions" to the programmers directly?

ProSeries Basic

This topic has been closed for replies.

Just-Lisa-Now-

Intuit Community Champion

Simple IRA is wrong too. They havent been updated yet.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

IRonMaN

Level 15

"And how do you make "suggestions" to the programmers directly?"

You can go directly to list of known ProSeries issues at ............................................... Never mind, it was just a dream that I keep having that Intuit actually listened to us about keeping users informed of defects.

Slava Ukraini!

Just-Lisa-Now-

Intuit Community Champion

FWIW I added it to the bug list in the back room....but I dont think its an actual bug, its just a delayed update.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

IRonMaN

Level 15

"FWIW I added it to the bug list in the back room"

But that's the problem with Intuit ---------------------- too many back rooms that they hide stuff in. I'm guessing they never really want to provide a list of all of the known issues to its customers out of fear that most of the customers would flee if they saw how many issues there actually were.

Slava Ukraini!

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