turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

ruskinq2
Returning Member

secure act 2.0 new Roth Employer (non-elective) contributions

The secure act 2.0 allows employer contributions to a Roth solo 401K...however I cannot find anyway to enter such contributions in turbo tax home/business...I am trying to work with the worksheet form that calculates max contributions, etc. pls advise, thx

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

secure act 2.0 new Roth Employer (non-elective) contributions

I suspect you can't do that in TT because it is a law provision that is not effective until 2023. 

 

dmertz
Level 15

secure act 2.0 new Roth Employer (non-elective) contributions

The employer contribution to the designated Roth account is not deductible, so it would not go anywhere on your tax return.  The only issue is determining the permissible employer Roth contribution, which you could do in TurboTax by initially indicating it to be a traditional 401(k) employer contribution to determine the permissible amount, then removing the employer contribution from TurboTax.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question