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Maximize SEP-IRA contribution
I checked the "Maximize" box on the SEP IRA. It calculated the IRS limit of $58,000. However, my self-employment income to reach that limit is spread across several different businesses. Can I just open one SEP-IRA and contribute the full $58,000 or do I need to open a separate SEP-IRA for each business? If so, how can I find the breakdown for how much to contribute from each business?
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‎April 1, 2022
12:47 PM