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SEP Contribution
Taxpayer is over 70 1/2 in 2019. Taxpayer took an RMD in 2019. Taxpayer has income from her business and Turbo Tax is allowing taxpayer to make a deductible SEP contribution. For traditional IRAs, any contribution by taxpayer, if possible would have been nondeductible. What is the correct answer.
‎February 13, 2020
10:32 AM