Can I make a S corp or llc in April for daytrading, and contribute 59k to a retirement plan to deduct against my personal income from Jan-march?
Basically, can a retirement plan be used to write off against personal income made earlier in the year?
If I made 300k on my own personal income tax, will I be able to write off 59k retirement contribution from the LLC dropping my income to 241k?
Basically, can a retirement plan be used to write off against personal income made earlier in the year?
If I made 300k on my own personal income tax, will I be able to write off 59k retirement contribution from the LLC dropping my income to 241k?