543436
You'll need to sign in or create an account to connect with an expert.
The SEP contributions are employer contributions. They are a deduction on the employer's tax return, not on your tax return. They are not included in your income until you take them as a distribution from your SEP-IRA.
The SEP contributions are employer contributions. They are a deduction on the employer's tax return, not on your tax return. They are not included in your income until you take them as a distribution from your SEP-IRA.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
kritter-k
Level 3
av95
New Member
graybuttrendy
Level 1
yayaroon
Level 2
ChicagoJ
Level 3