Question
I have K-1 with Box 13 Code R amount for profit sharing 401k distribution. On detail, is this reported as Payments to 401k or Employer Matching Contribution to 401k?
This is an LLC partnership for which I am one of the partners.
The 401k is new and there were NO elective deferrals. The only amount was paid by the company as profit sharing into the 401k.
The 401k is new and there were NO elective deferrals. The only amount was paid by the company as profit sharing into the 401k.
