USA Defined Benefit Plans for Self Employed Individual


Ema

Joined
Aug 9, 2019
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United States
Hello - I am looking to set up a defined benefit plan for myself. I am a self employed individual and my business is registered as a Sole-Proprietorship.
I used the following defined benefit plan calculator for calculating how much I can contribute to the plan in the first year.


My question is, since I file my taxes as a Schedule C, where do I deduct the contribution to the defined benefit plan. Is it deducted on the Schedule C or on the 1040?

Thank you!
 
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