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How to complete form 8881 for automatic participation feature tax credit?
I am a sole proprietor with no employees and opened a solo 401K in 2023. I would like to file for the automatic participation feature tax credit ($1500 over 3 years). When I access the section for form 8881 it refers to Startup Costs. I am not trying to file for the Startup Costs tax credit as I don't have employees, just the automatic participation feature tax credit. Am I able to do this in TurboTax Premier Online?
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March 8, 2024
3:06 PM