- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Form 1065 (K-1) Partnership Employer contribution to 401K
I used Turbo Tax business to complete partnership taxes and then transferred the k-1 manually into Turbo Tax premier for pass-through income. The box 13R employer contribution to retirement (401K) does not appear to reduce taxable income. I may be mis-reading the tax law. Is it not the case that employER contributions are pre-tax and so would reduce the partnership income?
‎September 2, 2023
8:44 PM