Jun

7

How about a single 401k that is part of a sole proprietor business?

Filed Under Financial Planning 

401k
TheProfessor asked:

Where do contributions for either the deductible portion or the 401k Roth portion get reported? Is there a place on the schedule C or somewhere else?


Question posted courtesy of: Patricia
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Comments

3 Responses to “How about a single 401k that is part of a sole proprietor business?”

  1. Dr. Deth on June 10th, 2008 1:27 am

    you can set up a SEP-IRA - since you’re a sole proprietor - probably just on your 1040

  2. bostonianinmo on June 10th, 2008 11:06 pm

    You’ll do better with a SEP-IRA.

  3. ninasgramma on June 12th, 2008 7:12 pm

    The 1040 line 28 not on schedule details are in irs pub 560 httpwwwirsgovpubirspdfp560pdf you may also be required to file form 5500 or form 5500ez as separate information return.
    The 1040 line 28 not on the 1040 line 28 not on schedule details are in irs pub 560 httpwwwirsgovpubirspdfp560pdf you may.

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