Can i contribute to a solo 401k plan

I've got the steps on how to set up contributions for a 401(k) retirement plan in QuickBooks Online, futureb.

When contributing to your 401(k) plan for yourself, you will only need to fill out the employee information. If your company offers a matching program or contributes to the 401(k) on your behalf, you will also need to include details about the company's contribution.

Here's how to set up 401(k) contribution to each of your employees:

1. Go to Payroll from the left menu, then choose Employees.
2. Select which employee on the list.
3. Click Start or Edit in the Deductions & Contributions section.
4. Choose + Add deduction/contribution.
5. Select Retirement Plans for the Deduction/contribution type and 401(k) for the Type.
6. Enter other necessary details for the Employee deduction. Include the Company contribution if it's shared by company.
7. Click Save.

Moreover, you can run payroll reports in QBO to obtain necessary details about your employees' deductions and contributions, which will streamline your tax filing.

Please don't hesitate to reach out to us anytime whenever you need additional guidance about 401(k) contributions in QBO. I'll be happy to assist you further.