PS. I should clarify that I am a Single Member LLC and making contributions to a Solo 401k. Yes my income is in excess of the allowable amount. No I do not have any W-2 income that might affect the calculation.
So my question is still the same; why isn't TT calculating the deduction for the Employer contribution to my Solo 401k plan. It tells me how much I can contribute but does not then reduce my tax liability accordingly. How do I fix this?
