Dec 19

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

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?

Dr. Deth Said on December 19th, 2009 at 10:38 pm:

you can set up a SEP-IRA – since you’re a sole proprietor – probably just on your 1040
bostonianinmo Said on December 19th, 2009 at 11:35 pm:

You’ll do better with a SEP-IRA.
ninasgramma Said on December 20th, 2009 at 12:19 am:

Your deductible contributions go on the 1040 Line 28, not on Schedule C.

Details are in IRS Pub 560

http://www.irs.gov/pub/irs-pdf/p560.pdf

You may also be required to file Form 5500 or form 5500-EZ as a separate information return when your accumulation gets over $250,000.

Roth IRA, Traditional IRA, 401K