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Retirement tax questions
For your elective deferral you can contribute up to 100% of your net income from self-employment, which is Schedule C profit less one half of self-employment tax. It shouldn't make a difference whether you are making a Roth contribution or a tax deductible contribution, so I can't explain why the program is telling you that one is an over contribution if the other is not.
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‎April 4, 2024
5:00 PM