I am amending my 2022 taxes Because I forgot to enter my solo 401k contributions, which was $48,093.
I am self-employed.
For 2022, per the IRS website, the employee deferral was increased to $20,500. The total limit was increased to $61,000. All of that is deductible.
I inputted $20,500 in elective deferrals, then $27,593 in employer matching (profit sharing) contributions.
But its only letting me deduct/defer the $20,500.
Why can I not deduct the remaining $27,593?
