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February 14, 2025
Question

Is it possible to do fund solo 401K for 2024 without any business income in 2024? The business is SMLLC incorporated in 2024

  • February 14, 2025
  • 1 reply
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I am referring to employer contributions in solo 401K which can be made till tax filing deadline.

    1 reply

    February 14, 2025

    No.  Both the employee contributions and the employer contributions are based on the 'earned' income.  With no income, no contributions are allowed.