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Where to enter a solo 401-K Contribution

meidt193
Level 3

My client has her own business and decided for 2019 to contribute $10,000 to a solo 401-K.  

Where is this entered?  I have searched high and low and cannot find anywhere to put it in.  Her Husband contributes to 403B through his employer.

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Accountant-Man
Level 13

Same place you enter a SEP IRA and other retirement plans. Adjustment to Gross income.

** I'm still a champion... of the world! Even without The Lounge.

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5 Comments 5
abctax55
Level 15

When was the solo 401k set up?

Is it regular or Roth?

HumanKind... Be Both
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meidt193
Level 3

It was set up in October of 2019 and it is a traditional.

She set it up as a business retirement for herself.  She has no employees and has less than 250K , so I do not believe she needs to do a 5500-EZ.

 

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Accountant-Man
Level 13

Same place you enter a SEP IRA and other retirement plans. Adjustment to Gross income.

** I'm still a champion... of the world! Even without The Lounge.
abctax55
Level 15

X

HumanKind... Be Both
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meidt193
Level 3

Thank you so much!!! I put it there and then thought it was wrong!  You are definitely a champ!! 

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