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Jack writes:

Thanks so much for the help...the one question I still have is: When I transfer the SEP IRA to a Roth, am I correct in assuming that I will be responsible for any taxes that I avoided while those funds were held in the traditional SEP IRA (i.e. would I treat this transfer the same as converting a trad. IRA to a Roth)?>>

Yep. A SEP-IRA may be converted to a Roth IRA, but when it is all previously untaxed money must be taxed just as it would be in a traditional IRA conversion.

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