SIMPLE IRA tax reporting for Sole Proprietors????

[Guest TaxBill]

I'm a sole prop and had opened a SIMPLE IRA. If I file my taxes on a 1040-C where do I report the contribution, Sal Def and employer match contribution? Does anyone know??????????

[Gary Lesser]

Unless your filing Form 1040C -- Departing Alien Income Tax Return, your elective contributions and match/nonelective are deducted entirely on line 29 of Form 1040, nonowner contributions are claimed on line 19 of Schedule C (Form 1040).

If you are indeed filing Form 1040C, your contributions for the year are reported in Part III, line 16 of the form; attach a schedule, it is required.