David Posted April 15, 2016 Report Share Posted April 15, 2016 H&W are the only LLC members of their company. They have enough profit to take the full $53K max 401K deduction for each of them. Where is this reported? It doesn't look like it is reported on the 1040. So do I simply take the full $106K deduction on the 1065? It shouldn't be exempt from SE tax, should it? That's why I thought it wouldn't be reported on the 1065. I can't find exactly where and how to report this. Thanks. Quote Link to comment Share on other sites More sharing options...
BHoffman Posted April 15, 2016 Report Share Posted April 15, 2016 Look at box 13 with code R. Make sure you treat the deferral as guaranteed payments. Report on line 28 of the 1040. Quote Link to comment Share on other sites More sharing options...
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