you maxed out your deductible contributions to the 401(k) and contributed more to the SEP-IRA. Since those contributions come from the "employer", do you personally report that as income and, either way, is it deductible?I don't mean to be picky, but 401-k plans allow for elective deferralsfor the employee, they are not deductible. Contributions to a SEP-IRA are a deductible expense so the maximum contribution rate is lowered from 25% to 20% for self-employed income.buzman
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