Colfax Mingo Posted February 18, 2019 Report Posted February 18, 2019 Line 28, Sch 1 (1040) work sheet computes negative SIMPLE Plan Contribution for taxpayer with negative Schedule C income. Anyone else notice this??? Colfax Quote
jasdlm Posted February 18, 2019 Report Posted February 18, 2019 Did you choose '1' in the dialogue box for line 28, or how did the calculation get triggered? Quote
Colfax Mingo Posted February 18, 2019 Author Report Posted February 18, 2019 Box 5 for SIMPLE IRA but it also does it if you choose Box 3 for SIMPLE 401(k), The other choices don't seem to give you a negative Adjustment to Income. Quote
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