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Retirement tax questions
- Yes, $14,436 is the Employer Matching (Profit Sharing) Contribution, but this should NOT be explicitly entered in the corresponding box if you mark the Maximize box. When you mark the Maximize box, TurboTax automatically calculates and uses this maximum amount.
- No. Given that you have a single self-employment business, the entire amount of $38,936 is attributable to that business. Enter $38,936 (not the $38,396 that you mistyped).
‎June 5, 2019
11:19 PM