What Qualifies as Compensation for Solo 401k Contribution Purposes:Chart

What Qualifies as Compensation for Solo 401k Contribution Purposes
 COMPESATION NOT COMPENSATION
If owner-only employees of S-Corp. or C-Corp. with no full-time employees and have amount shown in box 1 of Form W-2Social Security Benefits
If sole-proprietor with line 31 Schedule C incomeRental Income (Unless it is the taxpayer’s business)
If partnership with self-employment income reported on Schedule K line 14Interest Income, Dividend Income, and Capital Gain Income
Child Support
Life Insurance Proceeds
Deferred Compensation
Disability Payments and Unemployment Income

About Mark Nolan

Each day I speak with energetic entrepreneurs looking to take the plunge into a new venture and small business owners eager to take control of their retirement savings. I am passionate about helping others find their financial independence. Having worked for over 20 years with some of the top retirement account custodian and insurance companies I have a deep and extensive knowledge of the complexities of self-directed 401ks and IRAs as well as retirement plan regulations. Learn more about Mark Nolan and My Solo 401k Financial >>

  •  

  • Popular Video

  • ROBS 401k Funding Process

  • Solo 401k Contributions Including Mega

  • Checkbook IRA LLC

  • About MySolo401k

    We help our clients take control of their retirement money. Our products and services provide our clients the freedom to invest their retirement savings in their own business as well as alternative investments such as real estate, private companies, promissory notes, precious metals, tax liens and equities.
    Learn more

    Connect with us

  • We’re here to help.

    Call: 800-489-7571

    Monday-Friday

    8:00 am - 4:00 pm PT

    Why us?
MENU