steve-o Posted February 24, 2015 Report Share Posted February 24, 2015 Taxpayer has two separate lines of business, filing a Schedule C and a Schedule F. The Schedule F has a SIMPLE IRA. That business incurred a loss in 2014. The Schedule C reported income in 2014 that is greater than the Schedule F loss. Question: Can the taxpayer make a deductible SIMPLE IRA contribution to the Schedule F business, even though it has a loss, because the taxpayer has positive net SE income? Link to comment Share on other sites More sharing options...
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