Employer is sole employee for an established SimpleIRA.

The account value is -0- zero after Roth conversions, distributions completed 04/2024.

Due to the custodial brokerage transferring this business, we have elected to terminate the account. While they may verify the balance is -0- zero, and that no 2024 contributions have been made, they are unable to close the account due to 2024 Tax reporting issues.

Wanting to start fresh with a new custodian. The new account is established and not funded. Are there issues proceeding with our 2024 contribution to this new custodial account?

And perhaps advise to the 2024 contribution limit for this sole proprietor? The “certain eligible employers” limit of $17,600 is challenging to decipher.

Thank you for your guidance all

T