I am the 100% owner of an S-Corp. I have entered my W2 and K-1. I made an EMPLOYEE contribution of 18k (the max) which I understand is deductible.
1. I think the correct place to enter my contribution is Wages & Income > Business Items >Business Deductions and Credits > Self-employed retirement plans. Is this correct?
2. When I click the Update button for Self-employed retirement plans, I see the message, "Self-Employed Retirement Plans are only for self-employed individuals (i.e., those filing Schedules C, F, or K-1)" with no options to enter anything. Well, I AM filing a K-1 and I've already entered it, so why can't I enter my employee contribution? Or, if I am supposed to enter it somewhere else, where is that?
