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Subject:  SEP-IRA and net loss. Date:  12/27/1999  11:36 PM
Author:  Acadian Number:  16950 of 87978

In a Foolish attempt to attain independence and financial freedom I have started a small business. Now with operations beginning in Oct of 1999, I will be posting a net loss for the '99 tax year. My question to the board is this "Can I make a contribution to a SEP-IRA established for the company for the 1999 tax year? The company did earn income but it was about $1000 less than the expenditures.

thanks in advance,

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