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sole prop 401k


Catherine

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Client has self-employment; simple sch C.  She started a safe harbor 401k (broker advice; she could have put more away with a SEP...sigh).  How on earth do I report this on Sch C?  SE pensions etc all say SEP and SIMPLE but not 401k.  On the "pensions" line of Sch C (which would lower SE tax, too, and which I don't think can be right)?  Or as an adjustment to income on one of the new schedules?

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