AL04
Level 1
05-07-2020
11:01 PM
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Can a taxpayer deduct a defined benefit contribution (i.e. cash balance plan contribution) when he or she suffered a self-employment loss, not earnings in a given year? I know a qualified plan contribution up to $56k can be deductible for 2019 required a taxpayer to have net self-employment earnings
Any help will be appreciated!
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