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June 6, 2019
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Self employed retirement

  • June 6, 2019
  • 1 reply
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I am self-employed, my spouse is not.  Do I include his 401K contributions under the Business self-employed retirement contributions with mine, or is there another place under personal where this should be entered?
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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.

1 reply

Answer
June 6, 2019

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.