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

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

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4 Replies
Carl
Level 15

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

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.

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

Individual 401K  =  Solo 401K which is allowed for Sch C filers.
Carl
Level 15

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

tks

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

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

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