ErnieS0
Expert Alumni

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.

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