Self employment 401k account.

tbqin · ‎June 1, 2019

I have 1099 MISC income, but I put 1/3 of the income in self employment 401k account. Now 2019 turbotax is quite different from previous yrs, I don't see a place allow me to enter how much I put as self employment 401k. so have to pay a lot tax even if 1/3 money already in small business 401k account. where and how how to enter in self-employed turbotax software? Last yrs when went through, it will ask you how much you set aside, and what max you can set. this year the features gone

MinhT · ‎June 1, 2019

This feature still exists in TurboTax 2018.

To enter your self-employed retirement in TurboTax Self-Employed:

Open your return and click on Search at the top right of your screen
In the Search box, type self-employed retirement then click on the magnifying glass icon on the right
On the results page. click on Jump to self-employed retirement
TurboTax will take to a page where you enter your individual 401(k).

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