I was under the impression that a solo 401k functioned like a regular 401k. On my husband's W2 the amount he contributed to his 401k is not included in his gross income. When I add contributions to my solo 401k, however, it seems as if my income is unaffected as is the earned income tax credit. I thought that if I contributed the entire amount on my 1099-misc to a solo 401k then my income should go to 0. Am I mistaken or am I doing something incorrect entering the information on TurboTax?
