No compensation for current year

[SSRRS]

Hi,

In an  S-Corp, owner only DB Plan , the owner did not take  a w2 for 2019. The benefits are based on the 3 highest consecutive years of salary (over entire career). Can a contribution be made for 2019 since  a 3 year salary average was established  from prior years? 

[Mike Preston]

Yes.

[SSRRS]

Mike, thank you very much.

[Mike Preston]

4 hours ago, SSRRS said:

Mike, thank you very much.

In the future you can just click the little thank you thingy.