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Update: IRS successfully launches their own free Direct File - now ALL of my fellow 'murcans are eligible for 2025 (sh.itjust.works)

submitted 6 months ago by brbposting@sh.itjust.works to c/technology@lemmy.world

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My January 2024 thread (186 comments)

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[–] WalrusDragonOnABike@lemmy.today 1 points 6 months ago* (last edited 6 months ago) (1 children)

Solo 401ks are where you're the employer (guess technically there's some wiggle room for others to be in your 401k, but from the perspective of such a person, wouldn't it just be a normal 401k?). So you have to report it yourself. The brokerage firm holding it won't.

[–] kryptonianCodeMonkey@lemmy.world 1 points 6 months ago

Well, yeah. If you're self employed, you have to report yourself too.