BulldogTom Posted January 10, 2023 Report Share Posted January 10, 2023 I need some help understanding the new law as it pertains to ROTH SEP. I think I understand if the employer has a SEP plan and the employees can now make elective Roth contributions. I also understand that any match or contribution by the employer on behalf of the employee into a Roth SEP is taxable compensation. What I am not seeing in the material I have is an explanation of how this affects a Sole Proprietor with no employee who makes SEP contributions based on their income. Can they be Roth? Are the limitations calculated the same way as traditional SEP? What about converting balances already in a traditional SEP to a Roth SEP when the owner is the only taxpayer in the SEP? Thanks Tom Longview, TX Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.