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  1. MGOAdmin

    UK Income

    MGOAdmin posted a topic in 401(k) Plans

    Can a US citizen working in the UK as a sole trade (their version on sole proprietor) set up a 401k or SEP based on his UK income? Per the US/UK totalization agreement, the income is not subject to Social Security, but is reported on Sch.C of his 1040. I know we only use wages that are subject to social security but this is an odd situation.
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