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Spouse paid as W2 maximum Solo401K profits sharing contributions? Is it based on W2 earnings or LLC net profit because of being a spouse?
Spouse A is owner of LLC SpouseB works for LLC as W2 empl. SpouseA opens Solo 401K, SpouseB has acct under same Solo 401k. Both contributes max18,500 employee contrib. Spouse A also contributes 20% of net profits. What is SpouseB's maximum profits sharing contributions? Is it based on W2 earnings or LLC net profit because of being a spouse?
‎June 6, 2019
8:38 AM