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Online version not calculating solo401k contribution correctly
I am mostly self-employed- and primarily in one industry. I have just one W2, very part-time job and I don't have any benefits there including retirement. I have a solo401k for myself and in the main industry made about $25k (also about $2k doing other side hustles I didn't include in that). But turbotax online self-employed is saying the max contribution is only $19k...even though at minimum it should be $19.5k, and it won't let me include an employer contribution either.
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‎December 28, 2020
2:24 PM