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if i contributed to my SEP IRA in 2021 for 2020 do i report that in 2020 tax return or 2021 tax return?

Hello recently i contributed to my 2020 SEP IRA in march 2021, do i report that to my 2020 tax return or 2021 tax return? Thanks

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1 Reply
ThomasM125
Expert Alumni

if i contributed to my SEP IRA in 2021 for 2020 do i report that in 2020 tax return or 2021 tax return?

You report that on your 2020 tax return, the year to which the IRA contribution is to apply.

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