mddoc50
New Member

Can solo 401k be purchased using 1099 income from rental property

 

Investors & landlords

No ... income reported on a Sch E is not eligible. 

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Carl
Level 15

Investors & landlords

Rental income (which is passive income) is reported on SCH E. Only earned income can be used to figure retirement contributions. Therefore rental income can not be included in that.