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Old 08-21-2005, 12:48 AM
David Woods
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Default Re: 401K

"Ray" <rmontclar[at]aol.com> wrote:

- quote -

> I have a client who has a single member 401K plan for her
> real estate schedule C. She has no employees and no wages
> were paid in 2003.Before the end of 2003, she contributed
> $42,000. What is her maximum contribution? or is there any
> limit to her contribution? Thanks.


20% of her Sch. C income

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
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Old 08-17-2005, 12:18 AM
Ray
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Default 401K

Moderator:
This may be either a duplicate post or an omitted post.
I do not recall reading them and found them as I was
cleaning up some disk space
================================================== ==========

I have a client who has a single member 401K plan for her
real estate schedule C. She has no employees and no wages
were paid in 2003.Before the end of 2003, she contributed
$42,000. What is her maximum contribution? or is there any
limit to her contribution? Thanks.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== >
 

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