TurboTax requires that the $55,000 total from the code R entry be divided into the elective deferral and atchin/profit sharing portions. After making the code R entry in step-by-step mode, TurboTax will ask you to Enter Code R Detail. Enter $13,750 as Payments to 401(k) (non-Roth) and $41,250 as Employer Matching Contribution to 401(k).
Note that to be eligible for a $41,250 profit sharing contribution you must have at least $217,116 shown with code A in box 14 of the K-1 as net earnings from self-employment.
