Is it acceptable to direct self employment income from 2 different sources ([1] a single-member LLC and [2] a sole proprietorship) to the same Solo 401k? Thank you.
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Yes, that would be appropriate.Working to protect good doctors from bad advisors. Fox & Co CPAs, Fox & Co Wealth Mgmt. 270-247-6087
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Originally posted by jfoxcpacfp View PostYes, that would be appropriate.
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Originally posted by MrWonderful View Post
When I set up the Solo 401k, I obtained an EIN for sole proprietor only to open the 401k. The LLC was formed later for a different endeavor, and the LLC has a separate EIN. Does that matter if both income sources, with 2 different EINs, are directed to one solo 401k which was opened with the EIN I obtained for Sole Prop only? Forgive my ignorance here, thank you
it’s all schedule C income and it’s all in a controlled group
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