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Also, I contribute to a 401k through my other job as well. Would I be able to max it out as well?
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All of your 401k contributions from all of your employers including your solo 401k from a schedule C business are limited to $15k. ($20k if you're over 50.) So you can't put in $15k from each of these sources.

--Peter

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I'd say that's true with respect to the employee elective deferrals.
You're limited to the $15,000 personal maximum.

But you could do the $15,000 401k at your regular job and have then contribute based on the profits of the sideline business.

But you could accomplish the same thing with a SEP, with less paperwork (future 5500 filings); so that's the route I'd take.

Bill
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