trirod wrote:That would be a schedule C deduction since it's related to your SE income, not W2 employment.
Default User BR wrote:southerndoc wrote:If I remember correctly, total contributions cannot exceed $50k this year. So if you put 50k in the SEP as employer contributions, you cannot place anything in the 401(k) (including employee contributions).
That's not true. The 50k is a per-plan limit.