INDIVIDUAL ROTH 401(K)

[HOPE2]

THE COURTSY OF A REPLY WOULD BE APPRECIATED.

CLIENT WHO IS SELF-EMLOYED CONTRIBUTED IN INDIVIUAL ROTH 401(K) FOR $12000 AND ENTERED ON line 7a on KEHOG, SEP AND SIMPLE CONTRIBUTION.

I WOULD LIKE TO KNOW DO I NEED TO DO ANYTHING ELSE?

THANKS

[dkh · Accepted solution]

Shouldn't need to do anything else.  Are you asking because you are getting an error ?

[HOPE2]

Thanks, no error I have.

[qbteachmt]

A form or worksheet?

A 401(k) is nothing like the other 3 (KEOGH, SEP IRA or SIMPLE IRA).

[dkh]

@qbteachmt   ProSeries worksheet for reporting 401k contribution is on the worksheet titled  Keogh, SEP and Simple   Must be there wasn't enough room to include 401k.  

[qbteachmt]

Roth 401(k) does not provide an adjustment to Income.

[dkh]

Hmmmm.... I didn't see that the OP asked if it adjusted income.   Thought s/he just needed verification that reporting on the K/S/S Worksheet was all that was needed to be done.

[qbteachmt]

I would confirm where that landed on the actual tax form(s).

[Camp1040]

I use PS Basic. Line 7 of the worsheet is labeled Roth 401(k)