Partner comp: include or exclude matching contribution for partner?

[Guest Jane Francis]

How is partner (or other self-employed) compensation under 401© calculated in light of the addition of 402(g)(9)? Must the matching contribution for the partner be deducted from compensation similar to a money purchase or profit sharing plan contribution, or is it possible to argue that this is similar to an elective deferral and therefore should not be subtracted from gross comp?

[BeckyMiller]

IRC Section 401©(2) defines net earnings from self-employment for this purpose as reduced by any amounts deductible under Section 404. That would be your match.