Is a SEP IRA considered a Traditional IRA in regards to determining the taxable amount of a Backdoor Roth IRA Contribution?

[orbit800]

I have a Traditional IRA that I keep at zero balance until I fund it specifically to convert to ROTH IRA and would like to know if my SEP IRA will count against that in determining the taxable amount of the conversion.

[Critter]

Yes it does ... simply read the form 8606 line 6 ...  https://www.irs.gov/pub/irs-prior/f8606--2016.pdf

[dmertz]

Reason being that a SEP IRA is nothing but a traditional IRA that has been designated to receive SEP contributions.  It *is* a traditional IRA.