Does a taxpayer need self-employed earnings to make a solo roth 401K contribution?
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Solo Roth 401K
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Absolutely! The deferral is a percentage of earned income, so in order for there to be a deferral, there would have to be earned income. For a self-employed person, the calculation is made in a similar way as the contribution to a SEP-IRA ... in fact I believe the calculation is the same, but the 401(k) has a higher limit.Roland Slugg
"I do what I can."
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