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1040 Schedule C 401k Election


austin3515

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Is there any reason that a sole proprietor can't use an evergreen deferral election? In other words indicate "I elect to make 401(k) contributions equal to the max allowed (including catch-ups) every single year until I change my election."

I've just never did it that way because it generally comes up on a one-off basis. But now I'm in a position to use more of an evergreen election.

Austin Powers, CPA, QPA, ERPA

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