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

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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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    • This entry was posted on Saturday, June 7th, 2008 at 10:20 am and is filed under Financial Planning. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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

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

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

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

      You’ll do better with a SEP-IRA.

    3. ninasgramma Says:
      June 12th, 2008 at 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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