QCD from SEP IRA

Can an individual do a QCD from a SEP IRA?



Only if the SEP is not “on going”, which means a SEP IRA that receives an employer contribution for the year in which the QCD is made. To be safe, a SEP contribution should also not be made IN THE year of the QCD.

If the individual owns only a SEP IRA, they can directly transfer any portion of the balance to a non SEP traditional IRA and do the QCD from the traditional account.

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