sjrcpa
Level 15

Client gets one $19,000 deferral.

Pension contribution for partnership income is computed at  partnership level - must be a partnership plan. Does the K-1 have a pension contribution on it?

 Client can make a pension contribution for the Sch C business. It would be about $3,300. 

$37K is too much unless you have an amount from the K-1.


Ex-AllStar