summer2007
Recycles dryer sheets
- Joined
- Jul 14, 2007
- Messages
- 346
I have a small business that I would like to contribute more to a roth 401k with. But I have a lot of equipment being depreciated that makes my actual taxable income small.
I was wondering if you can just not take deductions like depreciation and mileage and some things like that to raise the amount of taxable income to be able to contribute more to a roth 401k plan, and if this would cause problems in the future if you did take these deductions?
Thanks
Jim
I was wondering if you can just not take deductions like depreciation and mileage and some things like that to raise the amount of taxable income to be able to contribute more to a roth 401k plan, and if this would cause problems in the future if you did take these deductions?
Thanks
Jim