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Turbo Tax Premium - Solo 401(k) - employer contribution not affecting tax due
I have a solo 401k and have maxed out the employee contribution as well as the employer contributions.
Only the employee contributions are being used in the math. So I separately added the employer contribution as a business expense (picked the Misc category - and labelled it as "Employer Contributions to Solo 401k")
Is this the correct way to do this from Turbo Tax Premium? I am surprised it does not automatically do this.
‎April 14, 2025
4:15 PM