If I, being self-employed, contributed max-allowed $X (in 2019 for year 2018) to a SEP IRA account and a max-allowed $5,500 to a Roth IRA, can I (immediately/in 2019) initiate a Trustee-to-Trustee transfer of the $X from the SEP IRA to a separate Traditional IRA, without a penalty/rollover/recharacterization/$X being counted as an individual IRA contribution for either 2018 or 2019?
Basically, each year, I would like to immediately move/merge contributions made to a SEP IRA to an existing Traditional IRA, but the institution with which I hold the SEP, Roth, and Traditional IRAs cautioned such transfer might count the SEP contribution as a Traditional contribution, and since I already contributed to either the Roth or Traditional IRA, the transfer would be an excess contribution. (But the agent said she was not a tax expert.)
