Is it possible to set up another retirement plan like 401K if the business owner has an IRA in place for 2019 to increase tax deductions?
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It's possible, but then he may lose the deductibility of the IRA.
I think it's a bit too late to set up a 401K for 2019...
You asked Twice. Here's the original:
https://proconnect.intuit.com/community/lacerte-discussions/discussion/retirement-plan-for-2019/01/8...
No need to keep starting from the beginning again. Thanks.
Even if the tax filing deadline for 2019 has been extended to July 15 this year?
Thanks.
OK, thanks for the reminder. Noted.
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