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You should not be making any self-employed retirement entries. Except with respect to a self-employed health insurance deduction, you are not self-employed. You are an employee of the S corp. The 401(k) plan must be established under the S corp, the contributions to the plan deposited by your S corp, and the deduction for the contributions is taken on the S corp's tax return, not on your personal tax return.
You should not be making any self-employed retirement entries. Except with respect to a self-employed health insurance deduction, you are not self-employed. You are an employee of the S corp. The 401(k) plan must be established under the S corp, the contributions to the plan deposited by your S corp, and the deduction for the contributions is taken on the S corp's tax return, not on your personal tax return.
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