Kim Saunders
Apr 1 1999, 10:50 AM
For purposes of determining the 415 limit for a self-employed person under the commonly controlled business rules, are net losses arising from active partnership SE losses netted against net income from such partnerships?
Example: Net loss - Ptrship A ($60,000)
Net Inc. - Ptrship B $100,000
For 415 purposes applied to the Ptrship B plan contribution, is this individual's compensation $100k or $40K?
Steve Hample
Apr 20 1999, 10:17 PM
See the similar question I asked under SEP and SIMPLE plans to which Dawn Hafner kindly provided a reference.
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Apr 23 1999, 01:11 AM
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