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SoloK Roth Contributions and Profit Sharing trouble finding where to input this data

Where do you put data for Individual Roth 401k contributions?
And where does one put the Employer Contributions (Profit Sharing) when you are the employer/employee so it calculates and affects the Federal Tax due.

Problem:

1) when put the data in the Roth 401k - it doesn't calculate for the Maximum Contribution to Individual 401k (when check box)

And 2nd, when put in employer matching, it doesn't calculate the reduction in federal tax due

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2 Replies

SoloK Roth Contributions and Profit Sharing trouble finding where to input this data

If you are an employee the  yiur employer reported is on you W-2 - you do not report it anywhere else.

 

If self employed it goes on your schedule C.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

SoloK Roth Contributions and Profit Sharing trouble finding where to input this data

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