A Deduction to a Keogh Plan for the Prior Year

question 27

True/False

A deduction to a Keogh plan for the prior year is allowed as long as the plan is established and the contribution made by the due date of the return (including extensions).

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Definitions:

S&P 500 Index

A stock market index in the United States comprised of 500 major companies with publicly traded shares on the New York Stock Exchange or NASDAQ, determined by their market capitalizations.

Nikkei Index

A stock market index for the Tokyo Stock Exchange, representing the performance of leading Japanese companies.

Futures Price

The agreed price for the future sale or purchase of an asset in a futures contract.

Futures Exchange

A central marketplace where individuals can buy and sell futures contracts and options on futures contracts.