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solo 401K roth contribution entry in turbotax
i am a sole proprietor with a solo 401K. I contribute to the solo401K via employee deferrals and to my roth solo 401K via employer contributions. When I enter the roth solo 401K employer contributions in turbo tax, it appears to be taxing me a second time on the income. It has already calculated my income tax and appears to be treating this contribution as a conversion of formerly tax deferred contributions. Please help.
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March 9, 2024
9:10 AM