AliciaP1
Expert Alumni

Business & farm

A SEP IRA is funded by employer (business) only contributions and is only a deduction to the business.  It does not create a taxable event until the IRA is distributed to its owners.

 

The information @ThomasM125 posted is correct and the only way to properly report the contribution from an S-Corp to a SEP IRA.  See SEP Plan FAQs for more information.

 

@cstalker 

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