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Single Member LLC deferred (ROTH) and had a net loss on both Schedule C's


Pammie57

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We got a new client this year.   The owner gave us his information and he took huge losses (due to COVID) on his Schedule C.   He did have a net profit on his rental income on Schedule E.  If I am thinking clearly though - passive Schedule E rental cannot be counted for compensation for a retirement plan?  Is there any loophole?  He deferred every week and maxed himself out for 2020.  Any guidance is appreciated.

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