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

dnmalkin · Jan 30, 2024 6:21:15 PM

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

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

posted

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

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Can input income loss (in-kind contribution) as a business expense? I provided intellectual capital and was never paid on a business proposal.

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