Where does a Solo 401k employer contribution of 25% of net income get recorded in TurboTax and does it reduce the taxable income?

Elective deferrals have been maxed out. This is the employer contribution of 25% of net income.

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Expert Alumni

Apr 6, 2025 4:26:31 AM

Yes, your contribution to your solo 401(k) will reduce your taxable income.

Please follow the instructions in this TurboTax Help article to enter your Self-employed solo 401(k) contribution.