Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
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 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?
Print the post  


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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.