- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self employed
Yes, the Solo 401K entry is available in TurboTax Home & Business under Business >> Less Common Business Situations >> Self-Employment Retirement Plans.
In TurboTax your plan is called an Individual 401(k).
- Click Start/Update, then Yes, twice.
- On the page "Individual and Roth 401(k) Plans," enter the contributions you made this year as Elective Deferrals or Catch-up Contributions.
- If you also received Employer match contributions, enter those as well.
- If you want this retirement plan to take precedence over other elective deferrals, check the box for "Maximize Contribution to Individual 401(k)."
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎April 7, 2022
12:18 PM
1,330 Views