Where on the 1040/Schedule C do I report the employee and employer portions?
—Charles Judice ANSWER: The answer depends on whether you offer to match your employees’ retirement contributions. If you don’t offer an employee match, you need to report your contributions to the solo 401(k) on the 1040, not the Schedule C, says Bill Fleming, a managing director of private-company services at PricewaterhouseCoopers in Hartford, Conn. Report any amounts you put into the 401(k) on line 28 where it says “Self-employed SEP, SIMPLE, and qualified plans.” If you do offer your employees a 401(k) matching contribution, then report that information on the Schedule C, under the pension line 19, he says.
