thepensionmaven Posted August 24, 2021 Posted August 24, 2021 Since a sole proprietor reports all his contributions(including any elective, if any), what triggers reporting his elective (if any) on 5500 form
Lou S. Posted August 24, 2021 Posted August 24, 2021 In 2020 it was line 5500-EZ - 7B 5500-SF - 8a(2) 5500 - Sch I - 2a(2)
thepensionmaven Posted August 25, 2021 Author Posted August 25, 2021 What I meant was... how would we in fact know that the contribution for the self employed was an employer contriubtion or an employee contribution, let's say, for purposes of 401(a)(4) testing on a new comp PSP/401K, with a sole prop and an employee?
Bill Presson Posted August 25, 2021 Posted August 25, 2021 He should have a deferral election form completed Lou S. and John Feldt ERPA CPC QPA 2 William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
BG5150 Posted August 26, 2021 Posted August 26, 2021 17 hours ago, Bill Presson said: He should have a deferral election form completed Prior to the end of the tax year... Bill Presson 1 QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
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