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Solo 401k contribution stuck, can't remove
UPDATE with images FROM March 14; still stuck. How do I remove this incorrect SEP donation amount? New images are just below here, above the dashed line. Below the dashed line is the original post.
SCHEDULE 1, Line 16 Self-employed SEP, SIMPLE, and qualified plans is stuck at $22,764 not matter what I do! I did enter an amount for Solo 401-k on Sunday, but it was incorrect and I can't remove it or change it!
1st attempt March 14 to fix
Well that didn't work, here's next unsuccessful attempt to remove amount on Sched. 1 Line 16
3rd try March 14
-------------- BELOW FROM ORIGINAL POST ON SATURDAY MARCH 11 ------------------------------------------------
Hi,
I told Online Turbo Tax SELF EMPLOYED that I wanted to MAXIMIZE my contributions to my Solo 401k (called 'Individual 401-K in TurboTax.). Now I can't get rid of that, even after deselecting that checkbox.
I'd rather enter a smaller amount on my solo 401-K now.
How to get there:
Under Wages & Income > Other Business Situations (near bottom of the income page) then Self-Employment Retirement Plans.
DiD He or She contribute to a individual or Roth 401K? >> YES
Individual 401(k) | $0 | $2,000 |
Maximum Allowed to Qualified Plans $32,799
Amount to Contribute by Plan Due Date$30,799
Employer Match $8,125
Can't get rid of the large amounts, unless I start over by zeroing out. But then enter small amounts and it still wants to maximize contribution to allowed amount, and I can't get rid of it?
HELP! Thanks