Guest Kathleen Meagher Posted September 6, 2004 Share Posted September 6, 2004 Income from certain fishing activities is not taxable to Native American tribal employees. How should this income be treated for purposes of the tribe's 401(k) profit sharing plan? My theory is that compensation for deferral and contribution purposes can be defined to include fishing income, but that for 415 purposes, only W-2 income (plus 401(k), cafeteria plan and transporatation plan deferrals) can be counted. I haven't found any guidance on this, so my theory is based upon an analogy to the treatment of nontaxable parsonage income for clergy in qualified plans (as I understand it after a brief review). Any thoughts? Link to comment Share on other sites More sharing options...
JustMe Posted March 18, 2021 Share Posted March 18, 2021 I wanted to revive this thread as I have a similar question. Any thoughts? Link to comment Share on other sites More sharing options...
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