manny210
New Member

Get your taxes done using TurboTax

@HollyP, thanks for the information. This section is where I've been stuck (for a couple of days now).

Here is an issue that I am having:

I enter the Employer Matching (Profit Sharing) Contributions of $3,825

I then enter my Roth 401k contribution of $18,500 (I have a Roth Solo 401k set up. Also, this is my only 401k contribution for 2018)

Now under Less Common Business Situations it shows Self-employed Retirement amount of $315

If I remove the $18,500 the $315 changes back to $3,825

Checking "Maximized Contribution to Individual" shows the following:

Roth 401k $18,500 

Already contributed $18,500

Maximum Allowed to Qualified Plans $315

Amount to Contribute by Plan Due Date $315

Employer Match $3,825

 

I had no issues with TT 2016 and 2017 versions when entering this information.

Please advice. Thanks and God Bless!