SEP Question – Is this forum still active??
A self-employed person has three different business:
- Schedule C sole proprietor, using his SS#
- Single Member LLC disregarded entity with a Tax ID number
- Single Member LLC disregarded entity without a Tax ID number (using his SS#)
The tax payer wants to use all three sources of income to fund a max SEP IRA contribution (there are no other employees).
Does the tax payer have to set up three separate SEP IRAs? Or can one SEP IRA be set up… and if only one, what does the tax payer list on the SEP IRA application as his employment/employer? Does it matter?
Thanks in advance.
Permalink Submitted by PaulC on Tue, 2024-03-26 18:38
As they say on the landing page of the forum:
This is a discussion forum for our online community. Ed Slott and Company, LLC neither monitors nor endorses forum topics, questions, and/or answers.
The most prolific and qualified participants in this forum have evidently gone inactive. All respondents here are volunteers that have no association with Slott and Co.
I think the forum should be retired so people aren’t mislead. I recommend Bogleheads.org as a personal finance forum with hundreds of active participants.