dmertz
Level 15

Retirement tax questions

The IRS has not yet provided guidance on how to report such contributions.

 

Has your SEP plan agreement been modified to permit Roth contributions?  If not, no Roth SEP contribution can be made.  The IRS has not issued any updated Form 5305-SEP to allow Roth contributions.  I don't know if there are prototype SEP agreements that have been so modified.