I formed a new LLC in 2020. When I lost my job last year I rolled my 401K with my previous employer into a new 401k under the LLC entity. I contributed $700 from my LLC income into the new 401k on 12/31/2020 in order to max out my contribution for the year. Where do I enter the $700 on the tax forms? Also, I paid a set up fee to the broker and have annual maintenance fees on the new LLC 401k. Do I enter this on the Schedule C?
Also, I had some personal property expenses (desk, computers, furniture, phone, etc.). I use some 100% of the time and some 50% of the time for business use. Do I need to fill out 4562 for this type of personal property, or is personal property an exception?
Thanks.
