I received a deferred compensation payment 1 month after I retired from my employer of 30 years. This will appear as W2 income, likely in box 11 - nonqualified plans. Since I am no longer employed at the company I am not eligible for contributions to their 401k plan. Can I make a contribution to a solo 401K plan using this income?
Nothing on a W-2 from this employer will support a solo 401(k) contribution.
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