teollc
New Member

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

AmyT
New Member

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:

  1. 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"
  2. Click "Continue"
  3. Scroll down to Expenses; find "Other miscellaneous expenses"; click on the blue Start button
  4. Enter a description such as "Pension administration" and enter the expense

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