If your self-employed company didn't make any earned income, can one make a catch-up contribution into a previously established personal 401-K? If I have a 401k that the company contributes to, but I didn't contribute anything to, can I make an IRA contribution of $2,000 plus a catch-up contribution of $6,500 (over 50 age)?
Eligibility and the amounts you can contribute to a Solo 401(k) and a traditional IRA are calculated/determined separately. If you have earned income of at least $7,000 you can contribute that amount to a Traditional IRA ($6,000 annual limit for 2022 + $1,000 catch-up if over 50). If you are self-employed sole proprietor, and your business did not have any earned income, neither you nor the business can contribute to your solo 401(k).
Eligibility and the amounts you can contribute to a Solo 401(k) and a traditional IRA are calculated/determined separately. If you have earned income of at least $7,000 you can contribute that amount to a Traditional IRA ($6,000 annual limit for 2022 + $1,000 catch-up if over 50). If you are self-employed sole proprietor, and your business did not have any earned income, neither you nor the business can contribute to your solo 401(k).