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posted Jun 6, 2019 10:24:24 AM

Does a business list 401k contributions as retirement compensation to the employee, i.e., would they be listed as retirement cost

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Expert Alumni
Jun 6, 2019 10:24:26 AM

Yes, 401(k) contributions made by the business should be recorded as retirement cost.  This will go on Line 19, "Pension and Profit Sharing Plans" on Schedule C.

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Expert Alumni
Jun 6, 2019 10:24:26 AM

Yes, 401(k) contributions made by the business should be recorded as retirement cost.  This will go on Line 19, "Pension and Profit Sharing Plans" on Schedule C.