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Can a person make a contribution to a SEP-IRA and a Roth IRA, too?

April 26, 2017contribution person roth ira sep-ira

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Can a person make a contribution to a SEP-IRA and a Roth IRA, too?

4 Answers

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Yes, you can make a contribution to a SEP-IRA and a Roth IRA. See Chapter 2 of Publication 590, Individual Retirement Arrangements (IRAs), for the requirements to contribute to a SEP and a Roth IRA. However, your SEP IRA contribution and Roth IRA contribution can not be made to the same IRA.

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• You can make a contribution to a SEP-IRA and a Roth IRA. • However, neither a SEP IRA or a SIMPLE IRA can be designated as a Roth IRA. • Your SEP IRA contribution and Roth IRA contribution can not be made to the same IRA. • If you have both a Roth IRA and a SEP IRA, it can affect the contribution limits. • See Chapter 2 of Publication 590, Individual Retirement Arrangements (IRAs), for the requirements to contribute to a SEP and a Roth IRA.

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Yes, you can make a contribution to a SEP-IRA and a Roth IRA. See Publication 590, Individual Retirement Arrangements, for the requirements to contribute to a SEP and a Roth IRA. However, your SEP IRA contribution and Roth IRA contribution can not be made to the same IRA. References: • Publication 590, Individual Retirement Arrangements (IRAs) • Publication 560, Retirement Plans for Small Business • Tax Topic 451, Individual retirement arrangements (IRAs) 17.

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Yes, you can make a contribution to a SEP-IRA and a Roth IRA. See Publication 590, Individual Retirement Arrangements, for the requirements to contribute to a SEP and a Roth IRA. However, your SEP IRA contribution and Roth IRA contribution cannot be made to the same IRA.