Turbo Tax doesn't calculate Self Employed Retirement Plans correctly

There must be a technical error in TurboTax b/c it won't calculate Employer Matching Profit Sharing for a SoloK to cause a tax reduction in Federal Taxes.

And when put a number in there, and also Deferral in Roth 401k, it no longer recognizes the Roth 401k deferrals and only lists the Employer matching on the

Then it says on the Contribution report that the maximum allowed in Qualified Plans is lower than what i am allowed.

The disturbing thing is that you can't even speak with anyone at Intuit/Turbo tax about this - can only post on this community board.

This is not a tax question, this is a TurboTax question with their software.

638

Level 15

Jul 18, 2019 6:59:03 PM

You should post all your questions on the same thread.

You can call in during office hours since you must be using Deluxe or higher. Contact Customer Service 5am-5pm Pacific M-F

https://support.turbotax.intuit.com/contact/

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Turbo Tax doesn't calculate Self Employed Retirement Plans correctly