Catherine Posted March 17, 2019 Report Posted March 17, 2019 Client has self-employment; simple sch C. She started a safe harbor 401k (broker advice; she could have put more away with a SEP...sigh). How on earth do I report this on Sch C? SE pensions etc all say SEP and SIMPLE but not 401k. On the "pensions" line of Sch C (which would lower SE tax, too, and which I don't think can be right)? Or as an adjustment to income on one of the new schedules? Quote
GraceNY Posted March 17, 2019 Report Posted March 17, 2019 Schedule 1, Line 28. I've done a few of these. 1 Quote
Catherine Posted March 17, 2019 Author Report Posted March 17, 2019 Thank you, @GraceNY - that's where I thought, but bless me if I could find ANYTHING discussing the issue of where/how to report. Limits, testing, vesting, who qualifies or doesn't, the current phase of the moon, best time to plant anise - but nothing on where to report the deduction. Quote
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