ErnieS0
Expert Alumni

Retirement tax questions

Enter your wife’s profit sharing as a business expense since she is an employee.

 

  1. Tap Forms in the right corner
  2. Find Schedule C in the left column
  3. Tap Schedule C and enter the contribution on line 19, Pension and profit sharing plans
  4. 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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