Roth 401K entry in Turbotax

[abutaleb]

I understand Roth IRA and Roth 401K are similar expect for contribution limits. In trubotax there is no option to enter your Roth 401K contributions, only Roth IRA and Traditional IRAs. 

If I go ahead and select Roth IRA in trubotax and enter my roth 401K contribution with max limit of 19,500, I get penalized, the reason is that turbotax/irs has a limit of $6000 for Roth IRA so it thinks I went over my contribution limit but I did not since it's roth 401k.

Am I doing something wrong? Does turbotax have this option to enter your Roth 401K contribution (also called solo 401K).

Thanks. 

[DoninGA · Accepted solution]

Are your Roth 401(k) contributions shown on your W-2 box 12 with a code of AA?  If so, those contributions are not entered anywhere else on a tax return.

[abutaleb]

Box 12 AA is blank. So I don't need to enter this info in Turbo Tax anywhere?

[DoninGA]

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@abutaleb wrote:

Box 12 AA is blank. So I don't need to enter this info in Turbo Tax anywhere?

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If you are self-employed and have a Solo 401(K) -

Click on Tax Tools on the left side of the program screen. Click on Tools. Click on Topic Search. Type in self-employed retirement. With the key words highlighted, click on GO.