- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
Not sure if this is clear, but a partnership's contribution to a 401k is considered a guaranteed payment to the respective partner; both the partner's and partnership's contribution.
These amounts are then subtracted on the partner's individual tax return as a 401k contribution.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎September 7, 2023
6:56 AM