{"@context":"https:\/\/schema.org\/","@type":"CollectionPage","@id":"https:\/\/moneydoneright.com\/passive-income\/#CollectionPage","headline":"Passive Income Category","description":"","url":"https:\/\/moneydoneright.com\/passive-income\/","hasPart":[{"@type":"Article","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/fluz-review\/","headline":"Fluz App Review","url":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/fluz-review\/","datePublished":"2020-03-28","dateModified":"2026-10-03","mainEntityOfPage":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/fluz-review\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/kevin-mercadante\/#Person","name":"Kevin Mercadante","url":"https:\/\/moneydoneright.com\/author\/kevin-mercadante\/","identifier":36,"description":"Kevin Mercadante is a freelance personal finance blogger and the owner of his own personal finance blog, Out of Your Rut.\u00a0 A recent transplant to New England, he has backgrounds in both accounting and the mortgage industry.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/72a4429f18d847c46a70224bd484ffbfb23442f656c1f81e0cc5332f6886d670?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/72a4429f18d847c46a70224bd484ffbfb23442f656c1f81e0cc5332f6886d670?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/fluz-app-review.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/fluz-app-review.jpg","height":460,"width":1900},"keywords":["schema"]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/fetch-rewards-review\/","headline":"Fetch Rewards Review: Great Companion to Ibotta!","url":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/fetch-rewards-review\/","datePublished":"2020-03-28","dateModified":"2025-03-14","mainEntityOfPage":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/fetch-rewards-review\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/christine-c-renee\/#Person","name":"Christine C. Renee","url":"https:\/\/moneydoneright.com\/author\/christine-c-renee\/","identifier":53,"description":"Christine is a personal finance writer and solo business blogger who has been freelancing for money and B2C blogs for over four years. Her primary writing focus is in the areas of personal budgeting, banking, and managing credit. She also likes to delve into business subjects such as side hustling, business methods and time management. Her favorite things to research and write about are fintech products and how they have changed the way people interact with their money.  <a href=\"https:\/\/moneydoneright.com\/author\/christine-c-renee\/\"><b>Learn more about Christine.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/36b50b9d15ee29bd40d1efda84db9e18eb258b35ed59add7fdd1d0e48d069e68?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/36b50b9d15ee29bd40d1efda84db9e18eb258b35ed59add7fdd1d0e48d069e68?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/fetch-rewards-review.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/fetch-rewards-review.jpg","height":460,"width":1900},"keywords":["schema"],"commentCount":"1","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/fetch-rewards-review\/#Comment1","dateCreated":"2021-10-26 23:03:21","description":"I used Fetch Rewards app on my Android phone to scan receipts for nearly 16,000 points. A couple hours after scanning some receipts earlier in the day I decided to cash-out 11,500 points for a $10 reward. Upon making the cash-out request within the app the app stated that I needed to update the app to the latest version in order to cash-out. In order to do this I needed to uninstall the current version before installing the new version. This is because the app is designed to install on the limited internal memory of the phone as opposed to the installed memory card. Upon going to the Google Play store I am told that the newest version will not work with my phone. In response the company tells me to buy new phone or borrow a phone and that my points will expire after 3 months on inactivity. After leaving a negative review on Google Play the company leaves a canned response telling me to restart my phone, uninstall and reinstall the app, which of course can't be done.","author":{"@type":"Person","name":"G.S.","url":""}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/smore-review\/","headline":"S&#8217;more Review: Can You Earn More With Your Smartphone?","url":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/smore-review\/","datePublished":"2020-03-20","dateModified":"2026-10-04","mainEntityOfPage":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/smore-review\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of <a href=\"https:\/\/choicetaxrelief.com\"><b>Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money.  <a href=\"https:\/\/moneydoneright.com\/author\/logan-allec\/\"><b>Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/smore-review.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/smore-review.jpg","height":460,"width":1900},"keywords":["schema"],"commentCount":"1","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/smore-review\/#Comment1","dateCreated":"2022-05-30 15:09:00","description":"<span>Used to be a cool app, easy money. Now they pend your lock screen points and never award them. At least mine weren\u2019t being credited. Nbd right? Watch your 100 videos and do other activities right? Sure rack up those points, cash out some even bc at the 30 day mark if you haven\u2019t magically made their app post lock screen points then all your points will expire on a rolling basis day after day and customer service will tell you to pound sand. <\/span>","author":{"@type":"Person","name":"Sam","url":""}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/credit-cards\/credit-cards-with-trip-cancellation-insurance\/","headline":"Best Credit Cards with Trip Cancellation Insurance","url":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/credit-cards\/credit-cards-with-trip-cancellation-insurance\/","datePublished":"2020-03-19","dateModified":"2026-10-05","mainEntityOfPage":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/credit-cards\/credit-cards-with-trip-cancellation-insurance\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/ashley-sutphin-watkins\/#Person","name":"Ashley Sutphin Watkins","url":"https:\/\/moneydoneright.com\/author\/ashley-sutphin-watkins\/","identifier":60,"description":"Ashley is a graduate of UNC-Chapel Hill where she studied journalism. She has worked as a journalist, content creator, and copywriter for nearly a decade, with a focus on personal finance, real estate, and healthcare. She now lives in Knoxville with her husband and young kids. 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After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money.  <a href=\"https:\/\/moneydoneright.com\/author\/logan-allec\/\"><b>Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/11\/best-cash-back-credit-cards.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/11\/best-cash-back-credit-cards.jpg","height":630,"width":1702},"keywords":["youtube","podcast","schema"],"commentCount":"1","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/credit-cards\/best-cash-back-credit-cards\/#Comment1","dateCreated":"2022-01-15 08:22:29","description":"I'm not eligible for any credit card.","author":{"@type":"Person","name":"Cory Myers","url":""}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/credit-cards\/how-credit-card-points-work\/","headline":"How Credit Card Points Work (for Beginners)","url":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/credit-cards\/how-credit-card-points-work\/","datePublished":"2020-03-17","dateModified":"2026-10-05","mainEntityOfPage":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/credit-cards\/how-credit-card-points-work\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/ashley-sutphin-watkins\/#Person","name":"Ashley Sutphin Watkins","url":"https:\/\/moneydoneright.com\/author\/ashley-sutphin-watkins\/","identifier":60,"description":"Ashley is a graduate of UNC-Chapel Hill where she studied journalism. She has worked as a journalist, content creator, and copywriter for nearly a decade, with a focus on personal finance, real estate, and healthcare. She now lives in Knoxville with her husband and young kids. 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She has worked as a journalist, content creator, and copywriter for nearly a decade, with a focus on personal finance, real estate, and healthcare. She now lives in Knoxville with her husband and young kids. 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How Does It Work?","url":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/getupside-review\/","datePublished":"2020-03-06","dateModified":"2022-03-29","mainEntityOfPage":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/getupside-review\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of <a href=\"https:\/\/choicetaxrelief.com\"><b>Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money.  <a href=\"https:\/\/moneydoneright.com\/author\/logan-allec\/\"><b>Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2018\/09\/GetUpside-Review.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2018\/09\/GetUpside-Review.jpg","height":630,"width":1200},"keywords":["youtube","schema"],"commentCount":"60","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/getupside-review\/#Comment1","dateCreated":"2023-07-17 18:04:50","description":"Thing to do when you go to a place is screenshot and keep it on file where you can say look this is the offer that came to me I have a screenshot of it and you and clearly see it. \r\nSo if you're going to renege on your offers you need to let the public know.","author":{"@type":"Person","name":"Kevin Duzinski","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/getupside-review\/#Comment2","dateCreated":"2023-06-27 10:30:13","description":"That's not true; I had a few transactions that said one price and gave another and then paid me on a much lower rate then what it said on the app","author":{"@type":"Person","name":"Tom Pearson","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/getupside-review\/#Comment3","dateCreated":"2023-06-27 10:29:00","description":"I will never trust a review from here again. Upside never paid me after going to some scary gas stations with the promise of a discount.  The app rarely even loads and spins. I will never trust this site again clearly a scam app.","author":{"@type":"Person","name":"Tom Pearson","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/getupside-review\/#Comment4","dateCreated":"2023-06-14 12:10:45","description":"I cash out and they sent me a $185 already used Amazon card.  Claim its my issue.  I filed BBB claim.  I suggest everyone else do the same and get their rating reduced from a B to F.","author":{"@type":"Person","name":"Bob","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/getupside-review\/#Comment5","dateCreated":"2023-02-27 14:05:24","description":"They stole 320 dollars from me today , I tried to cash out then all of a sudden the app freezes make me log in again then all of sudden my account went from $329.00 to $9.30 .. I've been trying to resolve this all day with nothing back....","author":{"@type":"Person","name":"Robb Lewis","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/getupside-review\/#Comment6","dateCreated":"2023-02-11 13:20:52","description":"Upside app is a scam.  List my account and unable to help!","author":{"@type":"Person","name":"Dean","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/getupside-review\/#Comment7","dateCreated":"2023-02-04 21:07:30","description":"I\u2019ve been scammed by either GetUpside or Circle K three times in the last week. The station shows a discount between 19 and 22 cents per gallon on all grades of gas. A couple days after the purchases, I get an email stating that there was no cash back at that station. After the first time, I took a pic of the app, showing the discount. They paid up on that purchase after I sent them the pic. Now it\u2019s happened two more times, so. I sent them pics of the latest episode. After they pay off on this, I\u2019m filing a complaint with the BBB and Federal Trade Commission for fraud.","author":{"@type":"Person","name":"Larry","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/getupside-review\/#Comment8","dateCreated":"2022-10-18 10:54:12","description":"Currently I am arguing about a Sept 30 th transaction. They said there was no cashback at this station. I told them there was. Next they said cashback was only 1 cent instead of 10 cents. I told them the reason I went to Bucyrus ohio instead of Shelby ohio was Bucyrus BP was 10 cents and Shelby was 1 cent. Now they are saying that it wasn't for that grade of gas I got regular. Don't download the app.","author":{"@type":"Person","name":"Diana Riley","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/getupside-review\/#Comment9","dateCreated":"2022-10-13 16:21:59","description":"they lie when they tell you to refer somebody they pay you one cents for every gallon that they buy all they really do is takeoff two cents from your gas to make it look like you\u2019re getting one sent from the person you referred and so many more scams","author":{"@type":"Person","name":"Matt","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/cash-back-and-rewards\/apps-and-sites\/getupside-review\/#Comment10","dateCreated":"2022-10-13 16:19:52","description":"This company please games with the money if you use them a lot they start denying offers saying they don\u2019t have the receipts or if you use it too much they completely low and the percentage I use it a lot my wife hardly ever use it it","author":{"@type":"Person","name":"Matt","url":""}}]},{"@type":"Article","@id":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/solo-401k\/","headline":"The Ultimate Guide to the Solo 401(k), Written by a CPA Who Has One","url":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/solo-401k\/","datePublished":"2020-03-04","dateModified":"2026-08-25","mainEntityOfPage":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/solo-401k\/","author":{"@type":"Person","@id":"https:\/\/moneydoneright.com\/author\/logan-allec\/#Person","name":"Logan Allec, CPA","url":"https:\/\/moneydoneright.com\/author\/logan-allec\/","identifier":4,"description":"Logan is a practicing CPA and founder of <a href=\"https:\/\/choicetaxrelief.com\"><b>Choice Tax Relief<\/b><\/a> and of course Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money.  <a href=\"https:\/\/moneydoneright.com\/author\/logan-allec\/\"><b>Learn more about Logan.<\/b><\/a>","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6e74dd0453a5871d1dcfde6d40d9494765ca8bfdb01927cefee4564d4bee9075?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Money Done Right","logo":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/Money-Done-Right-Personal-Finance-and-Investing-Blog.png","width":488,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/04\/Solo-401k.jpg","url":"https:\/\/moneydoneright.com\/wp-content\/uploads\/2019\/04\/Solo-401k.jpg","height":430,"width":825},"keywords":["schema"],"commentCount":"13","comment":[{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/solo-401k\/#Comment1","dateCreated":"2025-07-26 11:27:25","description":"Hello Logan, I opened a self directed 401 k in 2020. We are 60 years old now and looking to retire. How do I get a monthly withdrawl out of my 401k","author":{"@type":"Person","name":"Ron Simpson","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/solo-401k\/#Comment2","dateCreated":"2024-02-18 18:11:36","description":"Logan, great blog. Thanks for the info. \r\nI have an Entrepeneur client that has a solo 401(k) he set up years back for another company. That company is no longer in business but he still has the account. He started another company (S Corp) that is owned 50\/50 with another partner each through their own S Corps. Am I able to contribute to this solo 401(k) for last year into this account of would it be better to set up another SEP IRA for the new business?","author":{"@type":"Person","name":"John Luke Tyner","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/solo-401k\/#Comment3","dateCreated":"2023-12-27 10:39:04","description":"Can the \"loan\" of 50k borrowed personally be used for anything?  Meaning is that a way to get around the self dealing rule?  If the funds are directly invested in a personal asset that would be self-dealing.  But what if the loan from the 401k was you personally then you used the money for a personal asset?  Is that against the rule?","author":{"@type":"Person","name":"April King","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/solo-401k\/#Comment4","dateCreated":"2023-10-06 06:54:12","description":"Hi Logan,\r\n\r\nWonderful article! I have a few questions that I haven't found explicit answers to, and I was hoping you could help me confirm or clarify them.\r\n\r\nI have been trading securities for many years with Trader Tax Status (Section 475 MTM). Now, I am starting an LLC with S-Corp taxation and filing the proper paperwork, enabling it to operate with Trade Tax Status. This will allow me to unlock Solo 401k benefits.\r\n\r\n<ul><li>Once my single-member S-Corp is up and running and I have chosen to operate under Section 474 MTM, if I experience a loss in a particular year, am I permitted to receive Officer W-2 income while also contributing to my Solo 401k?<\/li><\/ul>\r\n<ul><li>Is it possible for me to retain my personal Trader Tax Status while operating the S-\tCorp as a separate entity with Trader Tax Status?<\/li><\/ul>\r\nLooking forward to hearing your thoughts on this, Logan. \r\n\r\nThanks.","author":{"@type":"Person","name":"Jim","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/solo-401k\/#Comment5","dateCreated":"2022-02-28 09:25:24","description":"Hello,\nThank you for the post. I too am having a difficulty with my CPA. Let's say I made $50k in net profit on the Schedule C in 2021. I contributed $19,500 to the Solo 401k as an employee before the end of 2021.\n What is the maximum I can still contribute as an employer?&nbsp;Thanks!","author":{"@type":"Person","name":"Cee","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/solo-401k\/#Comment6","dateCreated":"2021-11-30 17:21:02","description":"Hi Logan,  this is a great article, so thank you for this!  Can my CPA set up a Solo 401K for me, or do I have to use a company to set it up for me?  My CPA said he can set up the LLC (or Trust?) and EIN, and I just need to open a checking account in the name of the LLC.  That just seems way too simple, so it\u2019s making me nervous because IRS rules are never easy!  Help!","author":{"@type":"Person","name":"Eva","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/solo-401k\/#Comment7","dateCreated":"2020-01-20 07:25:04","description":"Thank you for your help. Your expertise and the information on this site are most appreciated.","author":{"@type":"Person","name":"An","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/solo-401k\/#Comment8","dateCreated":"2020-01-18 13:50:05","description":"Yes.","author":{"@type":"Person","name":"Logan Allec, CPA","url":"https:\/\/loganallec.com\/"}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/solo-401k\/#Comment9","dateCreated":"2020-01-18 12:07:22","description":"Hi Logan, thank you so much for the clarification. So the contribution is possible but we will have to amend quarterly reports?","author":{"@type":"Person","name":"An","url":""}},{"@type":"Comment","@id":"https:\/\/moneydoneright.com\/passive-income\/stock-investing\/solo-401k\/#Comment10","dateCreated":"2020-01-18 09:44:07","description":"Hi An.  I would direct your CPA to the chart on page 3 of <a href=\"https:\/\/www.irs.gov\/pub\/irs-pdf\/p560.pdf\" rel=\"nofollow ugc\">IRS Publication 560,<\/a> Column \"Last Date for Contribution\", Row \"Qualified Plan: Defined Contribution Plan\".  It plainly states that the due date for the contribution is the \"due date of employer's return (including extensions)\".  You will see that there is a footnote \"4\" after this, which states, \"Certain plans subject to Department of Labor (DOL) rules may have an earlier due date for salary reduction contributions and elective deferrals, such as 401(k) plans...Solo\/self-employed 401(k) plans are non-ERISA plans and do not fall under DOL rules.\"  So yes, if this were an ERISA-subject plan -- such as a 401(k) plan at a large company with hundreds or thousands of employees -- what he is saying would be correct.  But note that, as stated in the footnote, \"solo\/self-employed 401(k) plans are non-ERISA plans.\"  I understand if he doesn't want to amend the payroll filings, but it's incorrect for him to say that the employee deferral has to be done through payroll deductions.","author":{"@type":"Person","name":"Logan Allec, CPA","url":"https:\/\/loganallec.com\/"}}]}]}