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#7
11-13-2004, 03:04 AM
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 Re: Where do I take self-employed 401k deduction? - quote - > > I am self-employed and am considering opening a
Thank you and everyone else that replied. I was confused as> > self-employed 401k for myself. Can someone tell me where on > > form 1040 or other form I would enter the deduction for the > > self-employed 401k for the year? Thanks! > Unless the line numbers are changed for 2004 returns, it > would go on Line 30 of Form 1040 (Adjustments). it was not mentioned by name on line 30, in the instructions, or pub 560 so I guess it is also known as a "qualified plan" which is mentioned in all three areas. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#6
11-13-2004, 02:45 AM
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| Re: Where do I take self-employed 401k deduction? - quote - > > I am self-employed and am considering opening a
For 2004, this is the correct answer.> > self-employed 401k for myself. Can someone tell me where on > > form 1040 or other form I would enter the deduction for the > > self-employed 401k for the year? Thanks! > Line 32. -- Alan http://taxtopics.net << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#5
11-12-2004, 06:36 AM
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| Re: Where do I take self-employed 401k deduction? "Jeff" <jmox[at]mail.com> wrote: - quote - > I am self-employed and am considering opening a
This deduction is calculated on Keogh/SEP/Simple worksheet.> self-employed 401k for myself. Can someone tell me where on > form 1040 or other form I would enter the deduction for the > self-employed 401k for the year? Thanks! Depending on how much your income is, and how much you are contributing you may qualify for this deduction. If so it would be entered on Line 30, Form 1040. Mark Wiley Accountant Oneonta, NY 13820 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#4
11-12-2004, 06:36 AM
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| Re: Where do I take self-employed 401k deduction? "Jeff" <jmox[at]mail.com> wrote: - quote - > I am self-employed and am considering opening a
As most tax questions this depends. There is a worksheet to> self-employed 401k for myself. Can someone tell me where on > form 1040 or other form I would enter the deduction for the > self-employed 401k for the year? Thanks! figure amount that you qualify for, but if you do qualify, and are filing a schedule C then the deduction goes on Line 30 on Form 1040 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#3
11-12-2004, 06:17 AM
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| Re: Where do I take self-employed 401k deduction? "Jeff" <jmox[at]mail.com> wrote: - quote - > I am self-employed and am considering opening a
I'm not sure of the line number, but it is an adjustment to> self-employed 401k for myself. Can someone tell me where on > form 1040 or other form I would enter the deduction for the > self-employed 401k for the year? Thanks! income. Gene E. Utterback, EA << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#2
11-12-2004, 06:16 AM
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| Re: Where do I take self-employed 401k deduction? "Jeff" <jmox[at]mail.com> writes: - quote - > I am self-employed and am considering opening a
Line 30 of the 1040.> self-employed 401k for myself. Can someone tell me where on > form 1040 or other form I would enter the deduction for the > self-employed 401k for the year? Phil Marti Clarksburg, MD << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#1
11-12-2004, 05:57 AM
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| Re: Where do I take self-employed 401k deduction? - quote - > I am self-employed and am considering opening a
Line 32.> self-employed 401k for myself. Can someone tell me where on > form 1040 or other form I would enter the deduction for the > self-employed 401k for the year? Thanks! -- Thomas E Healy, CPA, PC 1650 38th St., Ste 202W Boulder, CO 80301 Please send email to: tom[at]tomhealycpa.com, since I block all email at my newsgroup address. phone (303) 443-1804 fax (720) 489-3772 << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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11-12-2004, 05:00 AM
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| Re: Where do I take self-employed 401k deduction? - quote - > I am self-employed and am considering opening a
Unless the line numbers are changed for 2004 returns, it> self-employed 401k for myself. Can someone tell me where on > form 1040 or other form I would enter the deduction for the > self-employed 401k for the year? Thanks! would go on Line 30 of Form 1040 (Adjustments). "Jack" - John H. Fisher - TaxService[at]aol.com Philadelphia, Pa - Atlantic City, NJ - West Wildwood, NJ My Newsgroups & Boards at: http://members.aol.com/TaxService/index.html Where Ignorance is bliss, 'tis folly to be wise!=  << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
11-09-2004, 08:44 PM
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| Where do I take self-employed 401k deduction? I am self-employed and am considering opening a self-employed 401k for myself. Can someone tell me where on form 1040 or other form I would enter the deduction for the self-employed 401k for the year? Thanks! << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 401k, deduction, selfemployed |
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