SEP
A follow up to a prior question – If an individual creates a SEP IRA in 2011, makes a contribution, but no deduction was claimed for the 2011 SEP contribution, the contribution was return in 2011, and the SEP was terminated in 2011, is the return of contribution still taxable?wolff2000
Posts: 6
Joined: Wed Dec 31, 1969 7:00 pm
Permalink Submitted by Alan Spross on Tue, 2011-05-10 19:40
See reply to other post. Was the contribution for tax year 2010 or 2011? A SEP established in 2011 can receive contributions for either year.