Hi: I own two commercial rental properties, each under its own LLC.
(1) Since both LLCs are disregarded entities, does a single SEP-IRA contribution limit apply to both? Or could I have two different SEP-IRAs each with its own $57K limit in 2020?
(2) I also have a 401(k) through my full-time employment and max out there. Does this participation affect the SEP-IRA limits?
Thanks very much.