SIMPLE IRA Contribution

Business owner in a Partnership does not take a salary, however takes distributions reported on K-1.
Can he contribute to a SIMPLE IRA and provide a match.
Owns 99% of the Partnership
There are employees at the company as well. Not likely to contribute to the plan.



Partners are not W-2 employees and do not receive a salary. See IRS Publication 560 and the IRS online SIMPLE IRA FAQ.

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