I opened a Solo (individual) Roth 401(k) in 2020 and made contributions.
In TTD Home and Biz>Business>Business Income and Expenses>Individual and Roth 401(k) Plans.
There are options to enter contributions as either Individual 401(k) (top choice on the screen) and Roth 401(k) (bottom choice on the screen). I made Elective Deferrals as an employee.
This is probably very simple, but I'm confused if I'm supposed to enter under Individual 401(k) or Roth 401(k). When I look at my plan documents (Vanguard) it shows 'Individual Roth 401(k)' so that seems to me I should enter my contributions in the top choice.
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Roth contributions aren't deductible {regular 401(k) are} so you need to be entered them as elective deferrals (line 7a) in the ROTH 401(K) section.
in the search box type
Keogh
a new window will open
in the jump to box you'll see
Keogh/Sep/Simple.....
double click on it and you can then scroll down where you can enter your ROTH 401(k) contributions
@Mike9241 - sorry for delay in response. The answer is 'sort of.' Typing Keogh did not get me to a 'jump to' link in either Home n Biz in TTD or the TTO version, but I knew where I needed to go. I put it in the roth 401(k) section. Thx.
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