jeffwill
New Member

Retirement tax questions

Anastasia,

 

You can use box 1 for purposes of calculating a SEP contribution (even if it includes >2% shareholder health insurance premiums.  Check out page 4 of Pub 560 under the definition of "compensation" - column 2  https://www.irs.gov/pub/irs-pdf/p560.pdf

Every little bit helps!

Jeff