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njendi786
Returning Member

solo-401k- Turbo Tax Business

I have a multi-member LLC and have w2 income including other 401K/403B contributions.   Where do I enter Solo-401k employer contributions using Turbo tax Business Download version?

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DavidD66
Expert Alumni

solo-401k- Turbo Tax Business

To enter you multi-member LLC's contribution to a Solo-401(k) (or other retirement plan) on your Form 1065:

 

  • Click on the Federal Tax tab
  • Click on Deductions
  • Under "Compensation and Benefits" click Start next to Partner Retirement Contributions
  • Indicate the status of your contribution by marking the applicable button, and click Continue
  • Check the box for 401(k) and other qualified plans
  • Enter the amount of contributions for ALL partners (LLC Members)

 

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