Roth solo 401k

[frieds]

solo Roth contribution entered Part 1 on line 7a and 7c - 19,500 and 6,500

Part III line 9 and line 17 indicates max contribution for each is 19,500 and 6,500

line 20 is calculated to be 25,000 (not 26,000)

Instructions for line 9 and 17 indicate max contribution is 19,500 and 6,000 (not 6,500)

Why discrepancy on worksheet and instructions?

The max contribution is 26,000 if over 50 - yes?

[qbteachmt]

Part 1 or III, line 7a or 9 or 17 or 20 of Which form, worksheet or return? Where are you working? Solo Roth for Sched C person?

More details should would help give some perspective. Thanks.

[frieds]

Sorry

Schedule C. Keogh/SEP  worksheet

Part 1

Entered line 7a 19,500 7c 6,500 = 26K line 7d

Part III

line 20 shows allowable elective deferral = 25K. Why not 26K?

Plus instruction discrepancy as previously stated. 

[qbteachmt]

You might find this helpful:

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/deductible-simple-contr...

[qbteachmt]

As reference, here is the listing by year:

contributions limited to $19,500 in 2021 and in 2020 and $19,000 in 2019 (plus an additional $6,500 in 2021 and in 2020 and $6,000 in 2019 for employees age 50 or over).

Let's try for @SDJayhawk 

For a scheduled updated release date.

[frieds]

???

I know the limits for 2020 - $26K

Why is the program showing it as $25K?

[frieds]

OK - that answers it.

[SDJayhawk]

Thanks for reporting the issue.  Verified that the development team is aware and the fix will be released in the near future.