SEP contribution after rollover
If a SEP IRA owner dies in 2010 before making a 2010 contribution, and the SEP account is rolled over (trustee to trustee) to his surviving spouse’s IRA, how can the deceased owner’s contribution for 2010 take place?
If a SEP IRA owner dies in 2010 before making a 2010 contribution, and the SEP account is rolled over (trustee to trustee) to his surviving spouse’s IRA, how can the deceased owner’s contribution for 2010 take place?
Permalink Submitted by Denise Appleby on Fri, 2011-01-21 13:07
There is no cite, authoritative or not, that prevents this or authorizes it.
If there are other employees who are receiving contribution, then it is a definitive yes. If this is a sole proprietorship, with the sole proprietor being the only participant, there is no definitive response AFAIK.