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My Single member LLC is taxes as an S-Corp. I have a solo 401K. Is the amount i contribute to my 401K dependent on my annual (W-2) salary?
I yielded $20K in my first year. Can i still contribute $18K to my solo 401K, or is the amount i'm allowed to contribute dependent on my salary?
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‎June 5, 2019
3:16 PM