George4Tacks
Level 15
12-06-2019
06:43 PM
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I will add my usual "What does your PAID tax professional say?"
"But after reading on the IRS website, it appears that they can contribute to a Solo 401k, up the amount of self employment earnings, with respect to also some special deductions to calculate the amount deductible? Correct?" Yes, but ....
What does your PAID pension plan advisor say? Maybe try something like https://www.fidelity.com/calculators-tools/ira-contribution-calculator and https://individual.troweprice.com/public/Retail/Retirement/Small-Business-Retirement-Plans/Individua...
You have not given nearly enough information to get a correct answer.
Answers are easy. Questions are hard!