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Getting employment MISC-1099 settlement. Have SOLO 401K and Roth 401K with Fidelity. Can I put the tax portion of the 1099 in the 401Ks and not pay the IRS the tax?
401K's are supposed to be pre-tax. Why do you have to pay tax on the 1099 when you can put it in a 401K. It's taxed when you withdraw money as deferred. Where do you enter this in Turbo Tax - from an outside 401K to get credit for it to reduce your taxes?
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‎June 6, 2019
6:41 AM