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Author: thriftygirl One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121061  
Subject: Going from self-employment to employment Date: 9/10/2000 8:06 AM
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I can't find the answer to this question anywhere - even called the IRS and they are not taking calls right now!!

My husband was self-employed and had an SEP up until May 30 of this year. Then he went to work for a company with a Simple IRA, which he has begun making contributions to.

We need to know (and fast) what the cap is on the SEP contributions he can make this year, and what the cap is on the Simple IRA contributions he can make (and/or is their a total cap on the two of them)?

In other words, if you are self-employed for part of the year, and employed for the other part, what are the rules???

Thanks for any help you can provide.

(I realize we may need to hire tax help for next year; although I have been doing our taxes every year and would like to continue.)
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