turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

bjah666
New Member

Both my wife + me are self emp. I have a 401k account. Can we make a $5.5k contribution to my account in her name or does she need separate 401k acct?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies
dmertz
Level 15

Both my wife + me are self emp. I have a 401k account. Can we make a $5.5k contribution to my account in her name or does she need separate 401k acct?

Are you and she self-employed in the same business or are your self-employment businesses entirely independent of each other?

Both my wife + me are self emp. I have a 401k account. Can we make a $5.5k contribution to my account in her name or does she need separate 401k acct?

Your contribution to a 401K can be in your name only and on your behalf only.

If she is part of a business as self-employed she would do her own 401K.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies