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Where do I change the total contribution for "Self-Employed Roth 401(k)"? I somehow set it up to a wrong value that I need to erase.

turbotax 6k contrib.pngHi guys!

 

I need to change the below value to 0. Where do I do this exactly? I've looked everywhere in the help section and cant find anything.

 

 
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5 Replies
AnnetteB6
Employee Tax Expert

Where do I change the total contribution for "Self-Employed Roth 401(k)"? I somehow set it up to a wrong value that I need to erase.

If you are using TurboTax Online Self-Employed, you can find the self-employed retirement contributions section by going to Federal > Income and Expenses and then scrolling down to the Other Business Situations section.  Click Start or Update beside Self-Employed Retirement Plans.

 

If you are using TurboTax CD/downloaded Home and Business version, start by going to the Business tab at the top of the screen.  Then, scroll down to Less Common Business Situations and click Start or Update beside Self-Employed Retirement.

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Where do I change the total contribution for "Self-Employed Roth 401(k)"? I somehow set it up to a wrong value that I need to erase.

Thank you Annette! That sounds like the right answer but when I follow your instructions I receive the message in the screenshot attached. Not sure why.

 

turbotax .png

MaryK4
Employee Tax Expert

Where do I change the total contribution for "Self-Employed Roth 401(k)"? I somehow set it up to a wrong value that I need to erase.

Do you have Self-Employment Income for 2020?

 

@UsedVanilla33

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**Mark the post that answers your question by clicking on "Mark as Best Answer"

Where do I change the total contribution for "Self-Employed Roth 401(k)"? I somehow set it up to a wrong value that I need to erase.

Yes I had. But nevermind I spent way too long trying to figure this issue out that I just started over. Pretty disappointed.

Where do I change the total contribution for "Self-Employed Roth 401(k)"? I somehow set it up to a wrong value that I need to erase.

But I appreciate the help on this forum though! I meant I was pretty disappointed with the tool itself. Thanks so much for helping.

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