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Get your taxes done using TurboTax
@AliciaP1 If we enter it on schedule C as a business expense, it would be deductible now. Anything else to do to pay taxes on the roth? such as - enter the employer-matching (profit-sharing) portion on schedule C as a business expense and then add it to employee roth 401k contribution (the previous screenshot)? But if we do this, Turbotax will give a warning saying roth 401k contribution can't be more than $22500. @JulieS
Thanks!
March 12, 2024
4:08 PM