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billy-rudasill
New Member

Can I deduct origination expenses and/or recurring expenses related to a Solo 401k? I used a third party service to create my Solo 401k.

 
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SusanY1
Expert Alumni

Can I deduct origination expenses and/or recurring expenses related to a Solo 401k? I used a third party service to create my Solo 401k.

If your business pays them, you can deduct them as a business expense.  You would list this expense in the category "Employee Benefit Expenses". 

 

 

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SusanY1
Expert Alumni

Can I deduct origination expenses and/or recurring expenses related to a Solo 401k? I used a third party service to create my Solo 401k.

If your business pays them, you can deduct them as a business expense.  You would list this expense in the category "Employee Benefit Expenses". 

 

 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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