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Retirement contributions

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Level 1

Hello All

My question is the following::

Client has a 401 k contribution of $19000 and a Keogh contribution of $19875 does that make his 401k a nondeductible contribution.  That will not lower his tax liability??

 

 

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3 Replies 3
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Level 15

Is the 401(k) contribution from his W-2?


ex-AllStar
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Highlighted
Level 1

yes

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Highlighted
Level 1

Hello any answers

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