dascpa
Level 12
11-09-2023
08:59 AM
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There is no such company plan as an individual IRA. There is a Simple IRA but that's not what you're talking about. The individual is supposed to fund their own IRA. If for whatever reason the company does it, it's really a two-step [theory] transaction - wages to the employee and the employees contributes to their own IRA. Therefore it cannot go on Line 17 since it's not a company plan.