I have a single member LLC (pass-through for tax purposes). I have set up a defined benefit plan through the LLC and contributed money to it (about $100,000). How do I enter this amount in TurboTax. The amount should end up on line 16 of Schedule 1 (as it is a "qualified plan"). Turbo tax is giving the option of contribution to 401K, SEP, SIMPLE etc which have a cap on the deduction amount (much lower than 100,000). On the other hand the defined benefit plan would allow me the full deduction. I would appreciate guidance on how to enter it in TT.
