Hi. I have a keogh account in which I am making the maximum contribution. This year, I was hired by a new employer and plan to contribute the maximum to my 401(k) account. I understand that these two accounts are defined contribution plans. I'm unclear, however, on if I should be treating these two accounts as one account to figure out my deduction limit or if I can take a deduction for the contributions made to the account with my new employer and an additional deduction for contributions to my self-employed plan.
Any advice will be much appreciated!
Showing posts with label california form 3522. Show all posts
Showing posts with label california form 3522. Show all posts
Monday, November 14, 2011
Keogh & 401k
AskTaxGuru.com Junior Member, hanna, asked:
Labels:
1250 property,
179 deduction loss,
401k,
amending 1099,
california form 3522,
cpa forums,
how many years keep tax returns,
Keogh,
married filing separate itemized deductions,
status of amended tax return
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