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SEP-IRA- former sole proprietor, now self -employed consultant


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Guest jco1107
Posted

May a sole proprietor who no longer operates his business, but intends to receive self employment income from consulting, continue to contribute to his SEP-IRA that was established in connection with former business?

Posted

More facts or an explantion may be needed. All sole proprietors are self-employed individuals (but the reverse is not always true). Seems like he is still in business!

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