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What Peter meant was by "How is the LLC taxed" is:

1. Is your LLC a solely owned LLC? If so, and you have not made any other elections, it is taxed as a sole proprietorship.

2. If there are multiple owners, and you have not made any other elections, it is taxed as a partnership.

3-4. But you could have elected to be taxed as a corporation (C-Corp or S-Corp.)

And options 1,3, and 4 could have a solo 401(K). So we're still wondering.

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