turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

RodneyT
New Member

I am over 70 years old and turbo tax will not let me enter anything from a solo 401k contribution

 
Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Carl
Level 15

I am over 70 years old and turbo tax will not let me enter anything from a solo 401k contribution

I'm not sure, but it could be because the "more than 5% ownership" rule may be the reason. The best I can find on that is at https://www.irafinancialgroup.com/wp/what-you-need-to-know-about-making-contributions-to-a-solo-401k...

So if you own more than 5% of the company and did not take an RMD, that "may" be why you can't contribute.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies