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HOPE2
Level 7
March 29, 2023
Solved

INDIVIDUAL ROTH 401(K)

  • March 29, 2023
  • 2 replies
  • 17 views

THE COURTSY OF A REPLY WOULD BE APPRECIATED.

CLIENT WHO IS SELF-EMLOYED CONTRIBUTED IN INDIVIUAL ROTH 401(K) FOR $12000 AND ENTERED ON line 7a on KEHOG, SEP AND SIMPLE CONTRIBUTION.

I WOULD LIKE TO KNOW DO I NEED TO DO ANYTHING ELSE?

THANKS

This topic has been closed for replies.
Best answer by dkh

Shouldn't need to do anything else.  Are you asking because you are getting an error ?

2 replies

dkh
dkhAnswer
Level 15
March 29, 2023

Shouldn't need to do anything else.  Are you asking because you are getting an error ?

HOPE2
HOPE2Author
Level 7
March 29, 2023

Thanks, no error I have.

qbteachmt
Level 15
March 29, 2023

A form or worksheet?

A 401(k) is nothing like the other 3 (KEOGH, SEP IRA or SIMPLE IRA).

Don't yell at us; we're volunteers
dkh
Level 15
March 29, 2023

@qbteachmt   ProSeries worksheet for reporting 401k contribution is on the worksheet titled  Keogh, SEP and Simple   Must be there wasn't enough room to include 401k.  

qbteachmt
Level 15
March 29, 2023

Roth 401(k) does not provide an adjustment to Income.

Don't yell at us; we're volunteers