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Solo 401k contribution via my 1099 if I also have a 401k via my w2
Hello all,
I receive a 1099-NEC as an independent contractor (self-employment) and have been contributing to my solo 401k for a few years, last year I also got a W2 from another employer and I contributed 7.5k to my 401K at this place.
My Question is - I have a net income of 22K with self employment. How much can I contribute as employee into my solo 401k and how much as an employer (profit sharing).
Thank you
Topics:
2 weeks ago