you would think so but it doesn't. It doesn't realize the rules are different. normally I couldn't even create a 2021 solo 401 k after 12/31 and make a late contribution to it. but IRS is allowing it this one time, but I can only make the employer contribution, not the employee. If I check the max box it recalculates everything and since it is showing up as ad SEP it assumes I can go back and make all max contributions. And if I just put the number in the profit sharing employer's contribution box it assumes it is matching my employee's contribution and simply doubles my amount. The only way I can get the corect number is to actually leave every box blank. And somehow it has recorded my contribution from a previous effort and now shows it up as a SEP contibution. So the number is correct but not the plan. And I would love to know how it keeps this number and where it is puling it from since I leave all of the boxes empty.
