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Retirement tax questions
Thanks for the response Dave. I made the Cash Balance Plan contribution under the DB Keogh Plan. I don't have the screen you referenced as I'm using TurboTax Home and Business software. The K1 line 13R included the Cash Balance Plan contribution and the 401K contribution. After inputing the Cash Balance Plan amount, I was getting errors on the 401k I entered. I input the 401k amount into SEP and eliminated the error. I also then put the total amount from Cash Balance and 401k/SEP in the response to the total K1 amount. If there was some other way I should have handled the entries, please let me know.
‎April 9, 2023
10:22 AM