SEP to Roth - any limits on number of conversions?

[Guest rfopiano]

RE: Conversion/rollover from SEP to Roth:

Can a person contribute to a SEP, say $8,000, then roll this into a Roth? And then repeat this process annually? My client has low AGI and doesn't really need the tax deferral right now, but building up a tax free Roth looks almost too good to be true. Can this be done? I realize that the SEP would have to be included in income in the year of conversion, but could this be a way around the $2,000 limit on Roth contributions?

Thanks for any comments.

[BPickerCPA]

As long as the income is high enough to fund the SEP, and low enough to qualify for a roth conversion, you can do both.

It's a good deal for those that can "get away with it".