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My income is reported on a K-1. I contribute to my 401k through the partnership. Where do I report this on my return?

 
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1 Reply
MinhT
Expert Alumni

My income is reported on a K-1. I contribute to my 401k through the partnership. Where do I report this on my return?

If you contributed to your 401(k) through the partnership, your contribution has already been deducted from the income reported on your form K-1. You do not report or deduct it again on your tax return.

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