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Partner's Retirement Contribution


Robin

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A partnership has a 401-K and pension plan. Each partner contributes the max ($20,500 - over age 50, by reducing draws (deferral)). The partnership matches ($9,000), booked as a employer match (expense) and also contributes a pension deposit of $20,500, also expensed. My question is how much passes through on the K-1 so that the partner reports it on his own 1040? They have other employees participating as well. I thought it was only the deferral portion.

Robin

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