pk
Level 15
Level 15

Retirement tax questions

@jc19int  while  you get an answer from my colleagues @dmertz   whom  generally deal with  tax-advantaged  pension plans, I just would like to point out that  because you  are filing jointly and each having a separate Schedule-C, you each ,must also file Schedule-SE and pay 15.3% of your net business income ( less a small amount ) -- SECA  ( equivalent to FICA except for employer sharing ).

 

Just my 2 cents.