Wacheena <user[at]host.com> writes:

- quote -

You've already asked this. This group is moderated,
so answers don't appear instantly. Wait a few days
and see if anyone answers your question before you
ask again.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

I am a full time employee and contributed $15,000 to an
employer sponsored 401(k) in 2006. I also have a home
business with a net profit of $9440.00 in 2006.

I would like to place as much of my home business profit
into my self employed 401(k) as possible. Can anyone get me
started down the right path for the calculation?

Thanks!

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >