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Level 1
posted Jan 30, 2024 6:21:15 PM

401k Nonelective Contributions as S-Corp, where to input in step by step TT Business edition

For 2023 TurboTax Business edition for S corps,

My S Corp is contributing $4000 as a 401K Nonelective Contribution.

On the Step Step, do I input it here:

  Deductions > Retirement plan contribution

 

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1 Replies
Expert Alumni
Jan 31, 2024 1:49:02 PM

Yes, that is where you enter retirement plan contributions, you will choose the 401(k) and other qualified plans option.