Question
Where to enter Solo 401k Contribution
Hi,
A client earned $250k as self-employed income exp on Sch C.
He contributed $19000 as solo 401k employee deferral (he is under 50 years old).
In addition, he is planning contribute about $25k as profit sharing.
I entered $25k profit sharing on Sch C under pension/profit sharing.
Where to enter the Solo 401k deferral of $19k?
I entered in Solo 401k under adjustments to income, but it did not flow to Sch 1 line 16.
Anyone can help?
Thanks!
