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Solo 401k (self employed) a "personal contribution"?

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(@jkandell)
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Joined: 4 years ago
Posts: 472
Topic starter  

I have been assuming that a solo 401k traditional contribution (be it ER or EE parts) for a sole proprietor would be entered in Pralana Build > Income > Employment income as a personal contribution. Is this correct, or will it mess up the employment income, fica (i.e."payroll tax") etc?


This topic was modified 4 months ago 2 times by Jonathan Kandell

   
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(@smatthews51)
Member Admin
Joined: 5 years ago
Posts: 1212
 

@jkandell Your assumption is correct.

Stuart



   
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