Andrew_W
Employee Tax Expert

Get your taxes done using TurboTax

You're welcome! Glad to help.

 

That is correct, the employer contributions for a Solo 401(k) are not included as Schedule C expenses under pensions and profit sharing. They are reported on Schedule 1, Line 16, Self-employed SEP, SIMPLE, and qualified plans (as of 2022). They are an adjustment to your overall income.

 

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