SARSEP Contributions
Hello, do we know if SARSEP contributions are coded as traditional IRA or SEP IRA for tax reporting purposes?
Thank you,
Hello, do we know if SARSEP contributions are coded as traditional IRA or SEP IRA for tax reporting purposes?
Thank you,
Permalink Submitted by David Mertz on Thu, 2018-10-04 16:22
The instructions for Form 5498 indicate that both elective deferrals and employer contributions to a SARSEP are to be reported in box 8 of Form 5498 as SEP contributions.