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1065llc
can one of the partners deduct their IRA contribution in the 1065 tax return?
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April 4, 2020
9:23 AM
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Retirement tax questions
The deduction for any retirement contributions is taken on the partner's individual tax return. If contributions were made to a retirement plan of the partnership, the deduction is passed through with code R in box 13 of the Schedule K-1 from the partnership to be claimed on the partner's individual tax return as a self-employed retirement contribution based on the earnings from self-employment shown with code A in box 14 of the Schedule K-1.
April 4, 2020
11:26 AM