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S-Corp Employer 401(k) Contribution
I am an owner and only employee in my s-crop. As an employer, I contribute 25% of my salary compensation (W2) into my solo 401k account. Should this 401K contribution be input in 1120S Line17 (Pension, Profit-Sharing, etc., Plans)? Or another possible place is in 1040 as I "pass-through" from K1, I input this employer's 401K contribution in 1040 Schedule 1 line 15 (Self-Employed SEP, SIMPLE, and
Qualified Plans)? Thank you
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ā€ˇFebruary 17, 2020
8:06 AM