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    Solo Roth 401K

    Does a taxpayer need self-employed earnings to make a solo roth 401K contribution?

    #2
    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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