SEP IRA ELIGIBILTY
I have a client who has 5 rental properties. They do not have an LLC in which the properties are held. It is my understanding for tax purposes this would be Investment income and we could not establish a SEP IRA.
However, if we did move the properties into an LLC; not only to establish a SEP for the income, but for Liability protection, then we could contribute to a SEP IRA. Is this correct?
Permalink Submitted by Alan - IRA critic on Mon, 2023-04-24 20:54