Where to Deduct Solo 401k Contributions
Sole proprietors and partners deduct Solo 401k contributions for themselves on line 28 of Form 1040, U.S. Individual Income Tax Return.
If you are a Partner, Solo 401k contributions for yourself are shown on the Schedule K-1 (Form 1065), Partner's Share of Income, Deduction, Credits, etc., you get from the partnership.)
If you are a Corporation, you deduct Solo 401k contributions on Form 1120, U.S. Corporation Income Tax Return, or Form 1120S, U.S. Income Tax Return for an S Corporation.
Click on Solo 401k Excess Contributions to learn more.
If you are a Partner, Solo 401k contributions for yourself are shown on the Schedule K-1 (Form 1065), Partner's Share of Income, Deduction, Credits, etc., you get from the partnership.)
If you are a Corporation, you deduct Solo 401k contributions on Form 1120, U.S. Corporation Income Tax Return, or Form 1120S, U.S. Income Tax Return for an S Corporation.
Click on Solo 401k Excess Contributions to learn more.