Question about solo 401k

[Fred Lutes]

Hi, I am planning to convert a 401k With a company I am no longer employed with to a solo401k. I am self employed (real estate agent) and intend to use the funds to purchase a single family home (or a duplex if it falls in my price range). I'm will need to add about 15-25 thousand dollars to the solo 401k (once I've established it) to be able to make the purchase in the price range I am looking at plus leave some monies in reserve. I understand that the contribution limits are generous.

Here is my question:

1. If I contribute $18,000 to the solo401k for 2015, would I be able to deduct the $18,000 from my gross income on my 2015 tax return? (As would be the case with a regular 401k).

Thanks!