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DRTT
New Member

Do I reduce my self-employment income by the amount I added to a solo 401K

If I have to manually reduce my self-employment income manually, how do I do that in turbo tax?
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2 Replies

Do I reduce my self-employment income by the amount I added to a solo 401K

If you are using the TurboTax online web-based editions -
Click on Tax Tools on the left side of the program screen. Click on Tools. Click on Topic Search. Type in self-employed retirement. With the key words highlighted, click on GO.

AnnetteB6
Employee Tax Expert

Do I reduce my self-employment income by the amount I added to a solo 401K

For more information about entering Solo 401(k) information, see the following TurboTax help article:

 

How do I enter a Solo 401(k) in TurboTax?

 

@DRTT 
 

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