Boston, MA · Member since 2017 · 74 posts · 8 votes
I max a 403b and traditional IRA...is there a way for me to add my duplex rental income to a pretax retirement account without treating myself as an employee?
I don’t think it is possible to contribute rent because you need to have “earned income” to contribute. You also said you maxed out your contribution limits for the 403b and traditional Ira. Other income from your job could possibly go into a Health Savings Plan, Educational Savings Account, 529 plan etc.
As you suggested you could pay yourself 1099 or W2 in another business entity and possibly use a SIMPLE, SEP, or 401k for that entity. If that is an option there are lot of smart BP members that can help you.
Obviously explain to your professional team your goals and listen to their ideas.