Last question on this issue - I think I've gotten if figured out but maybe Turbotax is reporting it incorrectly on my summary sheet.
To recap : sole proprietor business. I contributed 20,500 and reported this as elective deferral under 'Roth 401(K)'. On the next page I then used the SEP maximize function to get my 25% contribution from my employer (24,776).
On the 'Your Retirement Contributions' summary, it shows already contributed 20,500 and maximum allowed to qualified plans 24,776. On my Retirement Deductions Results near the end of my filing - it reports 'Amount to be contributed by plan due date' as 4,276 (which is 24776-20500).
I know my full SEP contribution is 24776 and I know that i can also contribute 20500 to my roth solo 401k. why is it not separating the two? I experimented and put in my 20500 into the Individual 401k elective deferral entry instead of the Roth - and it showed my Maximum allowed contribution was 45276 (20500+24776), which is what i would expect it to have said with my roth entry.
Is there some programming/technical error with the solo roth 401k entry?
thanks for help! this is frustrating!
