namealreadyinuse
Jan 20 2006, 11:49 AM
Very general Q: Are deductions for 401(k) contributions (say match or NECs) technically under 162?
Lori Friedman
Jan 20 2006, 03:00 PM
You'll find your answer in Reg. Sec. 1.404(a)-1(b). The contributions are deducted under Sec. 404, but only if they also qualify as deductible expenses under either Sec. 162 or Sec. 212.
namealreadyinuse
Jan 20 2006, 03:53 PM
That looks right on. Thanks. The Code itself didn't make any sense to me.
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