My wife works full time and also has a real-estate business. When filing taxes using turbo tax and going through the business section, I was asked about the "Individual and Roth 401(k) Plans". When I select "Maximize Contribution to Individual 401(k)", TT reduced my effective tax (which is great). But talking to a friend who is a CPA, I was told that we cannot contribute twice (once through her employer and once as a business owner). Is that true? Is the software incorrectly allowing us to contribute excess?
