I'm self-employed and had enough income to contribute to the max limit for SEP IRA contributions this year, 2022. However, I spent all of my earnings on legal fees for a divorce. I would still like to contribute to a SEP IRA, but using stock sales from investments that was previously income taxed at ordinary rates in the past. I'm not sure if I know how to think about this, but from my understanding SEP IRA contributions should be pre-tax; however, I only have post-tax funds to contribute to the SEP IRA... Does contributing to the SEP IRA effectively create a deduction from income such that the stock sales would be treated as "pre-tax" contributions?
