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K1 and W2 - SEP IRA Eligibility?

I have been a partner in a firm, receiving K1s, for several years. I have a personal SEP-IRA. This year I am going to receive W2 income in addition to K1 income. Can I still contribute up to 25% of my K1 income to the SEP-IRA?

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Reply to
Jim Garrison
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are you covered by a qualified plan in your W2?

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Reply to
Benjamin Yazersky CPA

Yes

Reply to
Jim Garrison

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