Personal Investments • Can You Double Dip to Justify Mega Backdoor Roth and Roth IRA Contributions?

Yes. You can do the same if you are a W2 employee, as your after tax and Roth 401(k) contributions still appear in box 1.

Thank you. So why am I seeing answers like this one on MySolo401k.net's forum?

https://mysolo401k.net/mycommunity/foru ... ontribute/

"provided that one can’t use the same compensation to justify compensation to both a Solo 401k and IRA"

And I see some other similar responses there. They are very expert on these subjects. So I'm hesitant to just disregard their answers. Hopefully I'm just misunderstanding something.

Statistics: Posted by GoldenBear17 — Fri Sep 06, 2024 9:36 pm — Replies 2 — Views 227

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