My wife and I run an Airbnb under her name and are in the process of creating a Solo 401(k) for her. We have no employees and are both over 50. It is my understanding that the contribution limit is up to $58,000 in 2021 and that there is a catch-up contribution of an extra $6,500 for those 50 or older. I'm having trouble entering these numbers in Turbo Tax. Also, can I, as the spouse also contribute and how much?
