Permalink Submitted by Alan - IRA critic on Mon, 2025-02-24 12:20
Only if the SEP is not “on going”, which means a SEP IRA that receives an employer contribution for the year in which the QCD is made. To be safe, a SEP contribution should also not be made IN THE year of the QCD.
If the individual owns only a SEP IRA, they can directly transfer any portion of the balance to a non SEP traditional IRA and do the QCD from the traditional account.
Permalink Submitted by Alan - IRA critic on Mon, 2025-02-24 12:20
Only if the SEP is not “on going”, which means a SEP IRA that receives an employer contribution for the year in which the QCD is made. To be safe, a SEP contribution should also not be made IN THE year of the QCD.
If the individual owns only a SEP IRA, they can directly transfer any portion of the balance to a non SEP traditional IRA and do the QCD from the traditional account.