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Returning Member
posted Apr 8, 2025 8:43:46 AM

Solo 401K error due to $23k contribution

I'm over 55 yrs of age, I contributed $27250 into my solo 401K, I am a sole proprietor LLC. I placed $23,000 on line 6a of the contribution worksheet and on line 6c the excess contribution of $4250. My profit is way more than the $23K. I am getting an error due to the $23000 contribution, it says must be less than that, I enter a lessor amount just to try and remove the error, it does not remedy the problem. Am I entering this contribution info in the wrong section? IS there a solo 401K entry and this is not it. The error casued an issue trying to electronically submit it.

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1 Replies
Expert Alumni
Apr 18, 2025 2:35:54 PM

I'm not sure where you're entering this but there is a specific place to enter a solo 401K in TurboTax.

 

So here's how to enter it in TurboTax.

 

If this is how you are already doing it come back here with more information and we can try to help.

 

@Inscanik21