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Business & farm
another wrinkle is that a retirement a/c owning an interest in a profit-making business may have to file 990-T to pay tax on unrelated business income. another issue, how do you get the money out if you need it. under
59-1/2, there's a penalty. company goes belly up - no deduction - you suffer the loss thru a reduced value of the profit-sharing a/c. see a pro
‎November 1, 2020
2:20 PM