Tag Archives: Roth Solo 401k

Reporting Solo 401k After-Tax Contributions (non Roth) for an S-corp or C-corp | Form W-2

If your self-employed business is an S-Corp or C-Corp that sponsors a solo 401k plan, and you elect to make after-tax contributions to the solo 401k plan, you may report these contribution on Form W-2 line 14. See below. IMPORTANT NOTE: Don’t confuse after-tax solo 401k contributions with Roth solo 401k contributions as they are […]

What is a Qualified Roth Solo 401k Distribution?

Background: The Roth component of a solo 401k plan for the self-employed is just that, a component. There is no such thing as a standalone Roth Solo 40l(k). Therefore, when a self-employed individual looks to have a Roth solo 401k, the self-employed business must sponsor a solo 40l(k) plan that offers a Roth component. Not […]

Solo 401k Loan | Roth 401k Loan Rules

QUESTION – ROTH 401K LOAN RULES I am an independent financial adviser with an Individual Solo 401k.  I have approximately $80,000 in pre-tax funds and $60,000 of Roth funds in my Solo 401k.  I would like to take a loan from my Solo 401k to expand my business and payoff some personal credit cards.  How much […]

Compare SEP IRA vs. Solo 401k – Advantages of a Solo 401k

We often hear from small business owners who are comparing a SEP IRA vs. Solo 401k.  For those who qualify for the Solo 401k, they will almost always find that a Solo 401k has certain features that make it the better option.  This post highlights several key advantages of a Solo 401k vs. SEP IRA. […]

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