rpagnotto
New Member

Having trouble with TurboTax handling being employed part of the year and participating in the 401k and being self employed the rest of the year and doing a solo 401k

Employed through August and participated in the company 401k contributing $17,000.  I am 55 so I also do the catch up.  I became self employed in September and want to get the max. amount I can contribute for a solo 401k. I know I should have at least the balance of the $24,500 max or $7,500 but Turbo Tax does not calculate it that way