Skip to main content
Level 4
March 6, 2021
Question

How can I deduct LESS than the calculated maximum solo 401K amount?

  • March 6, 2021
  • 2 replies
  • 26 views

The amount calculated is too much for my client to fund by 4/15, so I need to enter a lesser amount.  I can't seem to see how to do that without overriding the calculations on Schedule 1.

This topic has been closed for replies.

2 replies

Just-Lisa-Now-
Intuit Community Champion
March 6, 2021
Cant you just NOT use the box to compute the max and type in what youre contributing? I do that with SEPs all the time when they cant fund the max.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15
March 6, 2021

And if they request an extension of time to file, that extends the time for making the 401(k) contribution, too.

The more I know the more I don’t know.