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Turbo Tax Error, Solo single participant 401K is $61000, not $19500
I cannot transmit my return because Turbo Tax Home & Business incorrectly identifies my Solo 401K contribution ($61,000 limit) as an Individual 401K ($19,500 limit). I printed out my return and had a CPA review it and the CPA advised it is correct, however, I cannot transmit/file my return because Turbo Tax Home & Business keeps giving me an error referencing I have over contributed to an Individual 401K, whereas I contributed to a Solo 401K. Could I please talk to a real person?????
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March 16, 2022
10:52 AM