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Entering contribution amounts for a solo or individual 401(k) plan in Lacerte

by Intuit Updated 2 years ago

Follow these steps to enter contributions:

  1. Go to Screen 24, Adjustments to Income.
  2. Select the section SEP, Simple, Qualified Plans from the left menu panel.
  3. In the Solo or Individual 401(k) subsection, input the contribution amount in Total SE elected deferrals (except Roth) input field.
  4. Input will flow to Form 1040, Line 28.
Lacerte Tax

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