You'll need to sign in or create an account to connect with an expert.
There are two reasons to list contributions to a Roth IRA:
There is no particular advantage to listing your Roth contribution as a business deduction. There is no special credit for a single member LLC, and none of the contribution or income limitations would be affected.
The instructions on how to enter the Roth IRA contribution are as follows, should you choose not to list it under your business:
There are two reasons to list contributions to a Roth IRA:
There is no particular advantage to listing your Roth contribution as a business deduction. There is no special credit for a single member LLC, and none of the contribution or income limitations would be affected.
The instructions on how to enter the Roth IRA contribution are as follows, should you choose not to list it under your business:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Vladimir101
Level 2
IKE7771
New Member
Kimo4
Level 1
fgur
Level 2
Steverino78
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.