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- Re: SEP Contribution
SEP Contribution
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Foxy-Lady
Level 3
a week ago
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Client does a Schedule C. Took a salary of $22,000. Has a taxable profit of $44,000. How much can my client contribute to his SEP.
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Just-Lisa-Now-
Level 15
a week ago
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A sole proprietor doesnt get a "salary" so I hope you didnt try and take that as a deduction on Sch C.
The SEP IRA contribution worksheet will compute the Max SEP contribution for you. Drill down on Sch 1, Part II, Line 16 and scroll down to Line 4 of the worksheet and check the Max Contribution box
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