I'm confused and looking for reassurance. I entered my personal 401(k) contribution, and my ROTH contribution, both while in the Business (self-employed) section of TurboTax.
Now I'm in the Personal section, and it's asking me for this information again. And the fields show $0.
Since I'm self-employed, should I ONLY enter this info in the Business section, as I did, and leave my ROTH and 401(k) values at $0 while in the Personal section?
And why isn't TurboTax cross-checking this?
thank you
You'll need to sign in or create an account to connect with an expert.
Do not enter any contributions in the Personal section of the program since you have already entered those in the Business section.
Thank you Donin.
To be clear, your 401(k), including the designated Roth account in your 401(k), is not an IRA. As DoninGA indicated, traditional and Roth 401(k) contributions go in the Business section. If you made any ordinary (not SEP or SIMPLE) IRA contributions (you do not seem to have made any unless you have mischaracterized your Roth contribution), those would go in the Deductions & Credits section.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
HelpMePurchasePlease
Returning Member
mckinly16
Level 3
jaimon0104
New Member
KarenL
Employee Tax Expert
astral101
Level 3
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.