DaveF1006
Expert Alumni

Retirement tax questions

It depends. If you made employee contributions to the non-prototype 401(k), these are typically pre-tax and should already be reflected in your taxable income. Since these contributions don't appear on your W-2, you don't need to report them separately in TurboTax.

 

Employer contributions to your non-prototype 401(k) are not included in your taxable income. However, they should be reported on the corporation's tax return as a business expense. As a partner, you wouldn't report these contributions on your personal tax return.

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