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Retirement tax questions
thank you for the help.
I'm confused what you mean about including the excess deferral $1,800 in my taxes.
I did my taxes and only put down a solo 401k trad employer contribution of $100 I did not put down $1,900.
The reason my confusion in what I should do is because my taxes show I only contributed $100 to my solo trad 401k not $1,900
If I do it like you said I would have to add an additional $1,800 of income which means I would be adding that $1,800 twice, and I did not earn $1,800 twice I only earned it 1 time.
I don't think that's fair that I have to add more income that I didn't even earn.
March 3, 2022
7:03 AM