Personal Finance (Not Investing) • File Taxes during 401(k) transaction in Process ?

Hi,

Self employed. No legal entity registered. DBA (doing business as) , sole proprietor. No employee. One man show.

I have a Solo 401(k) with Vanguard.

For prior year (2023) 401(k) contributions we have time till 04/15/2024 (until we file our taxes).

I have initiated the contributions to my solo 401(k) both as employEE and employER portion over the weekend.
The current status on Vanguard shows "In Process". Contribution date 03/29/2024.

I'm hoping the transaction will be fully completed within few days hoping by 04/04/2024.

Question:

Can I file my federal and state taxes now ( 04/01/2024) or do I need to wait till the 401(k) contributions transactions are fully "complete"

Thanks for your time.

Statistics: Posted by johnpau — Mon Apr 01, 2024 11:31 am — Replies 1 — Views 88

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