Benjamin Yazersky CPA wrote:
- quote -

Yes

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"Jim Garrison" <jhg[at]athensgroup.com> wrote:

- quote -

are you covered by a qualified plan in your W2?

___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] > > -----> real address on hobokeni or hobokenx <-----

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >

I have been a partner in a firm, receiving K1s, for several
years. I have a personal SEP-IRA. This year I am going to
receive W2 income in addition to K1 income. Can I still
contribute up to 25% of my K1 income to the SEP-IRA?

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >