Hello, I am having difficulty with my SE401K entries in TT, desktop version.
Lets say I am a sole LLC, and contributed the max to my and my wife's SE401K of $26,000 each. She draws a salary and I issue her a W-2. I am also able to make a "profit sharing contribution" for each of us per the IRS. How do I show the "profit sharing" within TT? So far, TT is telling me I overcontributed to her 401K when I don't believe that is the case. Suggestions appreciated! Thank you.
