No way.

回答: 回复:Why only 1.65K in 401K?海樱2010-12-16 07:24:48

The limit is $16.5K + 20%*(net income from you Schedule-C - half of your self-employment tax) up to a maximum of $49K.

Check this out: http://www.solo401kcontributionlimits.com/

You may want to find a better accountant.

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回复:No way. -海樱- 给 海樱 发送悄悄话 (85 bytes) () 12/16/2010 postreply 07:36:11

But Single-K is a defined contribution plan -Conehead- 给 Conehead 发送悄悄话 Conehead 的博客首页 (58 bytes) () 12/16/2010 postreply 07:39:34

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