I have a partnership with 2 partners. Each partner has self-employment income of $104,000. They are both over age 50. What is my max deduction for each on their K-1 for their 401(k) I have tried different sources and each time get a different answer. Thanks
Announcement
Collapse
No announcement yet.
Solo 401(k) deduction
Collapse
X
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Comment