Financial Products

Financial Products

Questions about financial product options? Find discussions around a wide variety of financial service products here. Looking for your first debit card or a seasoned saver looking for tips to build your bank account, this is a great place to share and learn.

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Pioneer
Posts: 1
Registered: ‎03-31-2018

SEP transfer to Traditional IRA

I am self employed/sole proprietor. Set up an SEP this year but ended up transferring it all to a traditional IRA and terminating the SEP. On my return do I say I was eligible to contribute to an SEP even though it was closed before April 17? And when I enter on my taxes the amount I put in the traditional IRA do I enter the amount at the time of transfer or the initial amount I put in when it was still  in the SEP? Thanks!