sdix401k Posted February 14, 2020 Posted February 14, 2020 If a plan run by a partnership uses forfeitures to fund a QNEC or really any other employer contribution I would assume that forfeiture amount should not reduce partner compensation up to that amount?? The contribution reduced partner comp in prior years.
Bri Posted February 14, 2020 Posted February 14, 2020 Correct. No reduction in one's personal income simply based on the fact there was extra money already in the plan's trust. Luke Bailey 1
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now