Can solo 401k be purchased using 1099 income from rental property

posted

Connect with an expert

1 Best answer

Accepted Solutions

Can solo 401k be purchased using 1099 income from rental property

No ... income reported on a Sch E is not eligible.

View solution in original post

2 Replies

Can solo 401k be purchased using 1099 income from rental property

No ... income reported on a Sch E is not eligible.

Can solo 401k be purchased using 1099 income from rental property

Rental income (which is passive income) is reported on SCH E. Only earned income can be used to figure retirement contributions. Therefore rental income can not be included in that.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post

Expert does your taxes

Do it yourself

Resources

Support

Can solo 401k be purchased using 1099 income from rental property

Can solo 401k be purchased using 1099 income from rental property

Can solo 401k be purchased using 1099 income from rental property

Can solo 401k be purchased using 1099 income from rental property

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

Can solo 401k be purchased using 1099 income from rental property

Do you have an Intuit account?

Can solo 401k be purchased using 1099 income from rental property

Can solo 401k be purchased using 1099 income from rental property

Can solo 401k be purchased using 1099 income from rental property

Unlock tailored help options in your account.

Get more help

Related Content