ossipago wrote:I assume you aren't close to maxing the 401k limit from other employment. If you are, these contributions have to be employer contributions.
I also assume these aren't Roth 401k contributions. If they are, I believe they must be employee contributions.
renter wrote:All your assumptions are correct. So does this mean that it doesn't matter if they're classified as employer vs. employee contributions?
PaddyMac wrote:It technically doesn't make a difference, and being a sole proprietor you can make contributions on either side up until your tax filing date (April or Oct with extension). But I would put it in the employER side as there is no math to prove (based on 20% of SE income etc.) in case you ever get audited.
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