I have income under LLC and also W2 from employer, can i contribute to SEP along with work 401k?

[s12321]

Can i contribute to SEP account while i am contributing to work 401k?

[dmertz]

Is your W-2 employer owned and controlled independent of your LLC?

If so, participation in the W-2 employer's retirement plan has no effect on your eligibility to contribute to a SEP plan under your LLC.

[s12321]

Yes, W2 employer is separate.
I have W2 income to report and employer have 401k.
Income from my LLC can be contributed to SEP plan?

[dmertz · Accepted solution]

Your participation in the W-2 employer's retirement plan has no effect on your eligibility to contribute to a SEP plan under your LLC.

Yes, your LLC is permitted to establish and contribute to a SEP plan.