Ln 28 - 1040 Atx Calc

[taxbrewster]

I have a lawyer (over 50) made a large amount of money. Per the k1, he made contributions to the firms 401k of 60K. 54K and 6K catch up - while working on the worksheet for Line 28 - why can I not get the software to accept the catch up contributions. Those should be deductible as well correct, not just the 54K??

Thanks as always...the board is a life saver.

 

[Lee B]

How do you make 401 k contributions that big ?

Do you mean a profit sharing or a custom defined benefit plan ?

 

[taxbrewster]

yes - sorry pension plan - I figured it out - needed more info. Thanks.