ErnieS0
Expert Alumni

Get your taxes done using TurboTax

Doublecheck with your firm. If you did not receive a W-2 it's unlikely your 401(k) contribution was deducted from your income.

 

Your contribution should flow had there been an amount in Box 13, Code R.

 

Otherwise, to enter a 401(k) contribution from partnership income:

  • Click Federal in the left column of TurboTax Online
  • In Wages & Income, scroll down to Other Business Situations
  • Select Self-Employment Retirement Plans
  • Say YES to Did you make a 2020 self-employed retirement plan contribution?
  • Then YES to Did you contribute to an individual or Roth 401(k) plan?
  • Enter $19,500 on the next screen

See how to enter an llc partnership 401k contribution in turbotax home and business

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