I get a w2 from my employer ABC SUBARU dealership and also get a 1099 from Subaru Corp These are 2 different employers I should be able to set up a SEP for 1099 income correct?
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If your 1099-Misc show an amount in Box 7, that is considered Self Employment Income and you can contribute to a SEP, along with your 401K.
Here's more info:
https://ttlc.intuit.com/replies/6765436
If your 1099-Misc show an amount in Box 7, that is considered Self Employment Income and you can contribute to a SEP, along with your 401K.
Here's more info:
https://ttlc.intuit.com/replies/6765436
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