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self employed 401k

I am self-employed/business and also work a second job. I make contributions to a 401k at my second job.

In the business section for self-employment/business credits, it asks if you contributed to a 401k.

Do I include the 401k contribution amounts from my second job in the business section of my self-employed job?

Thank you!

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1 Reply
PaulaM
Employee Tax Expert

self employed 401k

No, the 401k contributions from your second job are noted on your W-2 in box 12. Entry of your W-2 takes care of your 401k participation in your second job's retirement plan.

The self-employed retirement section under your Schedule C business refers to plans that you as a self-employed person has established for yourself and employees if applicable.

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