Net SE income: Roth 401k, IRA, and health insurance deductions

Let's say

Can you do all of the following?

  • Open a solo Roth 401k and contribute $10,000 [presumably leaving S1 ln 15, the line for self-employed retirement plan deducitons, blank as it's a Roth]
  • Also deduct $10,000 in healthcare premiums [S1 ln 16]
  • Also contribute $10,000 to IRAs (e.g. $6k to yours, $4k to spouse), and if traditional deduct on [S1 ln 19]

 

It feels too good to be true...