- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
No. On the Individual and Roth 401(k) Plans screen, split your contribution. $19,500 does into Elective Deferrals and $6,500 goes into Catch-Up Contributions.
Any profit=sharing contributions over and above the $26,000 goes into Employer Matching. You are considered an employer and employee if self-employed.
Also, if married, double check and make sure you are entering your contribution under your name and not your spouse's name.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 29, 2022
4:54 AM