QUESTION: Suppose I file my tax return in
January and report that $20K to my solo 401k.
Can I wait until April to deposit the $20K into the 401K?
ANSWER: The contribution rules require that solo 401k contribution is made
by the time the solo 401k owners files his or her ax return plus any extensions, so based on your
example, the $20K contribution would have to be made in January. See publication 560 for more information.
No comments:
Post a Comment