gan-nn
Returning Member

Retirement tax questions

VolvoGirl - so that's not right. In fact if I do it this way, it correctly works (the math adds up). I just am not sure if TT will correctly generate the form 1040 though.

 

Here's what I did. I separately added the employer contribution as a business expense (picked the Misc category - and labelled it as "Employer Contributions to Solo 401k"). That did work - and the math was correctly applied and my tax due changed.