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Earned Income


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Guest Rutager
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401(K) with plan year end 12-31-2006. The company is an LLC taxed as partnership. The LLC has a taxable year ending June 30th. The document is not specific other than to state use plan year compensation and to used earned income for the partner for the plan year. Do I use the K-1 number for the LLC taxable year end 06-30-2006 when doing the 12-31-2006 compliance testing?

Just found out the LLC is a June 30th year end. Was not disclosed when plan set up. Any thoughts would be appreciated.

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