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|Subject: Re: Do I qualify for SEP-IRA?||Date: 9/13/2000 12:34 PM|
|Author: TMFExRO||Number: 24791 of 82282|
Thanks; what exactly counts as self employed? The outfit we are working for pays us as contractors, I assume that suffices?
The bottom line of Schedule C is your net income from self-employment. As an independent contractor, Schedule C is where you'll report your contracting income and expenses.
Also, are there any special steps one needs to take to set up a SEP-IRA? I am only able to find Roth/Ordinary IRA account applications at various brokerages.
AFAIK, any traditional IRA can accept SEP contributions. Check with your custodian.
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