Permalink Submitted by Alan - IRA critic on Thu, 2021-01-14 02:24
Yes, as long as it is not an active SEP, technically an “on going” SEP IRA. “On going” status means that a SEP contribution has been made in the calendar year ending with or within the owner’s taxable year in which the QCD is made. That usually ends up meaning the same calendar year.
Permalink Submitted by Alan - IRA critic on Thu, 2021-01-14 02:24
Yes, as long as it is not an active SEP, technically an “on going” SEP IRA. “On going” status means that a SEP contribution has been made in the calendar year ending with or within the owner’s taxable year in which the QCD is made. That usually ends up meaning the same calendar year.