You'll need to sign in or create an account to connect with an expert.
Don't include his 401k contributions in the self-employment area.
They have already been deducted via his W2. The taxable income in Box 1 has been reduced by his contributions, which has the same effect as a deduction.
Don't include his 401k contributions in the self-employment area.
They have already been deducted via his W2. The taxable income in Box 1 has been reduced by his contributions, which has the same effect as a deduction.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
stormandphoenix
New Member
johnmckinsey695
Level 1
mpgray5
New Member
sgooch1
New Member
scrutch48
New Member