I have a return where the self-employed income is $7,000. I want to confirm what is the maximum amount I can put into a Roth Individual 401k? I'm unsure how to enter the data for a Roth Individual 401k in TT, because there is a section for Individual 401k and a section for Roth 401k. Which section should a Roth Individual 401k go under?
Additionally, I saw that I could put the contribution limit of $23,000 under the Roth 401k section, and it didn't complain about over-contribution. I find this suspicious, because I thought the Roth Individual 401k contribution limit to be the same as the Traditional Individual 401k contribution limit ($6,505).
