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New Member
posted Apr 17, 2022 7:10:25 PM

Should the solo 401(k) employer contribution get deducted in the self employment expense section and if so where?

Looking to make employer contribution and when the ammount is inserted in the self-employment retirement section, the amount of taxes do not change. Concerned that I am missing a deduction

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1 Replies
Expert Alumni
Apr 17, 2022 7:26:14 PM

Look at your Schedule 1 line 16