I've done some searching but haven't found a good answer yet.
Here's the situation: DW is recently FIRE'd, while I'll continue to work the next couple of years. On the side, we have farmland enrolled in CRP which generates an annual payment of around $15k which requires us to submit Schedule F and SE. For tax purposes, we consider ourselves a sole proprietorship with my SSN tied to the F and SE forms. No ETN.
What I'm wondering, is for next year now that DW is out of the corporate world, could she open a Solo 401k and act as employer of the proprietorship? I assume her SSN would need be tied to forms F and SE from that point on.
I assume she'd be limited to investing only 15k less SS/Medicare tax?
Is this worth doing at all??