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Making elective deferrals at the W-2 employer means that less than $18,500 of elective deferrals can be made to the individual 401(k). Since TurboTax's Maximize function for a self-employed 401(k) contribution is incapable of factoring in the elective deferrals made at the W-2 employer, if you did not max out the $18,500 at the W-2 job you can enter a self-employed elective deferral of up to $18,500 minus your elective deferral to the W-2 job. Then, to cause TurboTax to calculate the maximum for only the permissible employer contribution, you must use the Maximize function for either a SEP contribution or a Profit Sharing Keogh instead of for a 401(k) contribution; the employer contribution calculation is the same for any of these.
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