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Eligible small employers use form 8881 to claim the credit for qualified startup costs incurred in establishing or administering an eligible employer plan.
To open that section in TurboTax online:
In order to calculate the credit in TurboTax make sure to enter your pension plan start up cost first.
This form does not exist on Turbotax Online, i called in to one of your experts and they could not find it. can you please fix this issue.
The reply says that you have to enter set-up costs for 401K to create 8881. BUT, THERE IS NO WAY TO ENTER SET-UP Costs. Please fix this as you are costing my $500. Sucks!!!!
In TurboTax Online, follow these steps to add Form 8881 to your return.
In the Business profile section, indicate that you have employees.
Under Expenses:
Under Wages & Income:
To check that Form 8881 is included:
[edited 3/18/2025 | 7:30 am PDT]
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