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Hi everyone. This year I found myself unemployed/underemployed and so had to go with a 1099 status while I look for work. There hasn't been enough work to date but I still hope to have something more than the $18k allowed as an employee contribution to a solo 401k. I won't even bother with an employer contribution. My question is...in the event that my earned income is less than the $18k Max allowed employee contribution, can I even contribute that amount or am I strictly reduced to only being able to contribute a percentage of my earnings after I figure out what it is end of year. What if I have a net loss?
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