horseylady858
Returning Member

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?