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Retirement tax questions
@DaveF1006, employer contributions to a solo 401(k) are not deductible on Schedule C. They only go on Schedule 1 line 16 as part of the self-employed retirement deduction, which you indicated. Only employer contributions for non-owner employees are deductible on Schedule C, and a solo 401(k) is not permitted to have non-owner participants.
March 6, 2025
9:02 AM