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

 
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Level 15

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

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

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Level 15

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

Level 15

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.

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