bpua
Level 1
a client listed their 401k and accounting under professional fees. What would be the correct input?
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abctax55
Level 15

401K fees?  Or 401K employer match?

Accounting is OK under professional fees, or a separate other expense called bookkeeping.

"*******Tax software is no substitute for a professional tax preparer*******
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George4Tacks
Level 15

401K meaning Pension Plan Expenses?

 https://www.journalofaccountancy.com/issues/2000/feb/deductingretirementplanexpenses.html


Here's wishing you many Happy Returns
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