retbenser Posted May 30, 2013 Posted May 30, 2013 In an LLC taxed as a partnership, is the following correct? The elective deferral can be contributed up until the tax filing deadline -- with deposit coming from the K-1 income of each partner. Thanks for all responses.
BG5150 Posted May 30, 2013 Posted May 30, 2013 Just make sure you have a deferral agreement in place before the end of the plan year. ETA Consulting LLC and Bill Presson 2 QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
12AX7 Posted May 30, 2013 Posted May 30, 2013 I agree with BG, but there's a little more to calculating the partner's compensation for plan purposes than pulling a number off the K-1. K2retire 1
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