If I'm over 52

[unsureof1099s]

can I add the maximum ($7000) to a SEP IRA that I have not contributed to in over 10 years, even though I had very little self-employment income? Also, what if for the self-employment income I did have, I took deductions so it ended up negative, does that affect the age 52 thing?

[DavidD66]

You can contribute up to the lessor or 25% of your self-employed "compensation", up to $61,000 for 2022.  Your self-employed compensation is is your net earnings from self-employment, less the following deductions:

• one-half of your self-employment tax and
• contributions to your own SEP-IRA.

So, if your net earnings were negative, you cannot contribute to your SEP.