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Retirement tax questions
Enter your wife’s profit sharing as a business expense since she is an employee.
- Tap Forms in the right corner
- Find Schedule C in the left column
- Tap Schedule C and enter the contribution on line 19, Pension and profit sharing plans
- Tap Step-by-Step in the top right where Forms used to be to go back to the interview mode.
For an explanation see the post by tax guru @dmertz: Problems entering Solo 401(k) for myself and spouse
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April 16, 2022
4:55 AM