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Business & farm
The problem is that while the above solution works for a company with employees, it doesn't work for a sole proprietor with no employees which is eligible for and trying to claim the auto-enrollment credit (Form 8881, Part II), but not eligible for and not trying to claim the startup credit (Form 8881, Part I). These 2 credits have different eligibility criteria and sole proprietors can be eligible for Part II while not being eligible for Part I and TurboTax appears to provide no way to claim the Part II credit in that scenario.
Please see this thread for more on this problem which I hope TurboTax will remedy asap.
‎July 28, 2024
6:24 PM