Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
I'm sure my question is answered somewher in the pubs, but I'm not finding it right now.

So, sole proprietor set up a Solo 401K and is making employer and employee contributions to the plan. Contributions are reported on his 1040 on line 28. So far so good. Is this both the contributions as employer and employee? I think so, but haven't been able to confirm.

Once I know this, then I have to figure it out on our new software which may be another challenge.
Print the post  

Announcements

Disclaimer:
In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement