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New Member
posted Jun 6, 2019 7:08:58 AM

I'm self employed and just opened an individual 401k with Vanguard where do I enter this on Turbo Tax self employed?

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1 Best answer
Level 15
Jun 6, 2019 7:09:05 AM

Enter self-employed retirement in the Search box located in the upper right of the program screen.  Click on Jump to self-employed retirement

4 Replies
Level 15
Jun 6, 2019 7:08:59 AM

Ummmmm... I'm not sure here. But if you're a sole proprietor then I don't think you opened a 401(k). Maybe an SEP IRA? I could be wrong on this. Or maybe you have employees? Then you could have a 401(k) plan for your business, provided it's available to all employees.

Level 15
Jun 6, 2019 7:09:01 AM

Individual 401K  =  Solo 401K which is allowed for Sch C filers.

Level 15
Jun 6, 2019 7:09:04 AM

tks

Level 15
Jun 6, 2019 7:09:05 AM

Enter self-employed retirement in the Search box located in the upper right of the program screen.  Click on Jump to self-employed retirement