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posted Jun 4, 2019 1:07:05 PM

For a cash-basis S Corp, Do I record the company 401K match contribution in the year it is earned or the following year when the company pays it?

First time Turbotax Business 2015 user and new 401K for my single-employee (self) S-corp.

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Expert Alumni
Jun 4, 2019 1:07:07 PM

Recognize the matching contribution in the year for which it applies.  The deadline to fund the profit sharing contribution is the corporate tax filing deadline March 15th. If an extension was filed then the deadline is September 15th.  If the match is for 2015 earnings and it's paid in 2016 (by the due date), include it on the 2015 return.


1 Replies
Expert Alumni
Jun 4, 2019 1:07:07 PM

Recognize the matching contribution in the year for which it applies.  The deadline to fund the profit sharing contribution is the corporate tax filing deadline March 15th. If an extension was filed then the deadline is September 15th.  If the match is for 2015 earnings and it's paid in 2016 (by the due date), include it on the 2015 return.