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If I open an individual 401K can I put all my profits of the business in it and deduct it as an above the line deduction and reduce my AGI? The profits will be $5000.
abrickrock
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If I open an individual 401K can I put all my profits of the business in it and deduct it as an above the line deduction and reduce my AGI? The profits will be $5000.
I also have income from an employer and put the maximum in an IRA.
‎June 4, 2019
6:43 PM
