Calculating Max Profit Share for Solo 401(k)
What items on an s-corp employees w-2 in box 12 can be added back to box 1 for calculating the maximum employer profit share for a solo 401K?
If the shareholder employee had health insurance premiums included in box 1, but not box 3 and 5, does that have to be deducted for calculating the maximum 25% profit share for the solo 401K?
Submitted by John Michael Hall on Wed, 2024-01-17 20:28