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I started a pension plan for my llc-where do I claim my cost to set up plan
I set up a pension plan for my LLC
I am a single employee and single owed
I have no other employees
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June 4, 2019
2:22 PM
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Retirement tax questions
You can claim the cost to set up your pension plan as an "Other miscellaneous expense" on your schedule C.
In your schedule C:
- When you get to the screen that asks "What kind of expenses did you have for <your business>?", choose the drop-down for "Less common expenses" and select "Other miscellaneous expenses"
- Click "Continue"
- Scroll down to Expenses; find "Other miscellaneous expenses"; click on the blue Start button
- Enter a description such as "Pension administration" and enter the expense
June 4, 2019
2:22 PM