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solo 401k

I wanted to check I did the deduction correct because it didn't deduct anything from what I owe.

 

I made an employer deduction ( I have an LLC) to my Solo 401k for $6,000, i selected employer match and entered in $6,000 but my overall tax payment didn't decrease at all. I was under the assumption I could deducted my contribution to help lower my taxes. 

 

any help would be awesome, trying to get this done before the 28th to receive the discount.

 

Thanks

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2 Replies

solo 401k

anyone have any thoughts on this? this is the last thing I need and dont really want to have to pay $170.00 to ask turbotax.

 

Thanks again!

KathrynG3
Expert Alumni

solo 401k

You can send us a diagnostic file that has your “numbers” but not your personal information. This will allow us to open a copy of your return.

 

If you would like to do this, follow these steps: 

  1. From the left menu, select Tax Tools. 
  2. Then select Tools
  3. Select Share my file with Agent and OK
  4. Then, you will get a pop-up with a Token number. 
  5. Reply to this thread with your Token number.  

We will then be able to see exactly what you are seeing and can help diagnose the issue.

 

@futurestrader39

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