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

AJMorris
Level 2

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.

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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15
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

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.