Anonymous
Not applicable

Business & farm

type SEP into the search box. 

highlight the worksheet

then click form on open form f

user SEP in column for spouse check maximum. )4d)

 

 

the sep is not based on AGI but her net self-employment income (20% after reduction for 1/2 SE tax) with a max of $56,000 

you have until 7/15/2020 to establish the plan and make the contribution.