A SEP IRA and Roth IRA aren't interchangeable for tax purposes, so this does need to be corrected, but the fix depends on how the contribution was processed by the financial institution.
First, contact the custodian and confirm how the contributions was coded. If it was processed as a Roth contribution, it can't be deducted as a SEP contribution on your tax return.
If the custodian can reclassify it properly as a SEP contribution for a SEP contribution for 2024, then no amendment may be needed. However, if it remains a Roth, you would need to amend your 2024 return to remove the SEP deduction.
The key is that your tax return must match how the contribution is reported on Form 5498.
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