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Get your taxes done using TurboTax
The account does not specify "solo 401k" on it. How do I know if it is a Solo 401k? I contribute to it through my employer payroll deduction. My employer is a partnership and I and considered self-employed for tax purposes. The contribution is listed on the K1 statement line 13R. My contribution last year was $30000 which Turbotax is flagging as above the $27000 limit. I also had a $43500 Keogh contribution for a total $73500 contribution listed on K1 statement line 13R
March 18, 2024
8:49 AM