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Self employed qualified plan
Where in turboi tax do I include the deduction for my contribution to a solo 401K as a sole proprietor? It looks like it goes on line 28 of the 1040 but I can not determine where to add it in turbo tax. Thanks
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Self employed qualified plan
To get to the section where you can enter information for your individual 401k contribution, use these steps:
On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
This opens a box where you can type in “self-employed retirement” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
The search results will give you an option to “Jump to self-employed retirement”
Click on the blue “Jump to self-employed retirement” link and enter your information
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