TaxMamas TaxQuips: Tax Quips
Solo 401k Contribution
February 16, 2010
Today TaxMama hears from Dabeler in the TaxQuips Forum, with this question. “2009 is my first year as a sole proprietor. I set up a solo 401K in Dec 2009. I made $185,000 on my 1099. Can I put in the full $54,500 for 2009? I am over 50.â€
Hi D
Los Angeles, CA
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