Hello,
I followed these directions exactly. But when entered as listed here and checked the box "maximize contributions, my tax liability does not go down at all. Meaning I see a reduction in my tax liability when I enter the EMPLOYEE CONTRIBUTIONS; but not for the contributions to the EmployER portion of my contributions to the plan. That does not make sense. If I make employer contributions the tax liability counter in TT should also go down. Otherwise it would seem that I am making "non-deductible" employer contributions. Why isn't it counting them?
In an earlier post I saw that TT considers this an "unsupported calculation". Does that mean that TT does not reduce your tax liability by the amount of ER contribution to your own Solo K? How do I fix this?
