MRC, Max Deductible and Sole Props

[Lou S.]

For 2010 -

MRC is 100K

Max deductible is $200K.

Can a Sole-prop on extension contribute the 100K by 9/15 to meet MRC and contribute an additional 100K between 9/15 and 10/15 for deduction purposes?

If so would the additional 100K be shown on the 2011 SB for minimum funding?

[Andy the Actuary]

IRS takes position that contribution cannot be deducted in an earlier year than reported on Schedule SB.

[david rigby]

... and nothing contributed after 9/15 can be put on last year's SB.

Only possible exception is special relief related to natural disaster.

[Lou S.]

OK, thanks guys.