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Retirement tax questions
Form 5498 will be sent for your SEP IRA. If you are a self-employed individual or a business owner making contributions to your own SEP IRA, you will also need to report these contributions on your tax return. For self-employed individuals, the contributions are typically deducted on Schedule C (Form 1040) or Schedule F (for farmers), and the total contributions are also reported on Form 1040.
You can go ahead and file since you know the amount.
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‎January 29, 2025
1:38 PM
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