Hi,
My husband and I own an LLC in a non-community property state, filing a partnership return. We each contributed to a SEP IRA. A few questions:
1. Should those contributions be entered on the partnership return or only on our individual return?
2. If on the partnership return, how do I change the entry if we did not contribute the full 20% allowed?
3. We contributed equal amounts to our SEP IRAs, but our ownership percentage is 51%/49%. How do I reconcile this on the filing?
Thank you!
@dmertz
