Turbo Tax installed on my computer miscalculates maximum contribution to Self-Employed 401K. All other worksheets and online calculators show $ 35,880 on $47773 income, $20,500 Salary Deferral + $8,880 Max Profit Sharing + $6,500 Catch-Up. While Turbo Tax shows ONLY $27,000 as maximum contribution, which excludes the $8,880 Profit Sharing entered manually or selecting MAXIMIZE Box.
Turbo Tax is wrong. This should not be !!!
