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As I understand it, a 401K is restricted to being run by an employer for the benefit of an employee.
As a sole proprietor you do not qualify
Let's assume I do qualify (it's a particular type of instrument), how would I record it? Thank you.
A 401K is not an authorized savings instrument for a sole proprietor. If you have a 401K from previous employment, then that is not part of the sole proprietor business, it is personal finance.
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