KEOGH contribution from LLC

atulagarwal_92128 · ‎February 28, 2021

Hi, what do I need to do on my LLC tax return for putting 100% of my profit into KEOGH?

MaryK4 · ‎March 1, 2021

If it is a disregarded entity, you will complete your Schedule C separately. After you are finished, you will go to Other Business Situations Self-Employed Retirement Plans and enter the Keogh information there. The deduction will be as an adjustment to income.

A Keogh (also known as an H.R. 10 plan) can be set up only by a sole proprietor or a partnership (but not by a partner).

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