[phone number removed][phone number removed]6
Also DaveF1006; I notice in another post having to do with Employer Contributions to a plan; the employer portion should be an expense to the business. It does not appear that TT is calculating this properly when one enters Employer Contributions for a Solo 401k plan. I calculated the approx. tax benefit I should receive from the ER contribution made; and the amount I hand calculated and TT tax benefit is about 1/3. Meaning TT registers no additional tax benefit in the "walk me through" everything tax owed counter at the top of the program. Not when entering business deductions and not when finishing up after entering the personal information. Because it does not register the deduction it then also disallows adding any monies to a deductible IRA. It's difficult to explain fully here, but the levels of income involved; this should not be happening. Thank you for looking into this.
