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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
March 29, 2020
7:36 AM