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I opened a SEP IRA earlier in the week with the contribution noted as 2004 everywhere possible - the check, the application, etc. I just checked my account and it's there as 2005.

The contribution itself still happened in 2005. It won't be backdated as if the transaction happened in 2004. If that's the date you're looking at, a 2005 date is just fine.

It does need to be made FOR the 2004 year, but that will be shown on the information that accompanied your payment. As long as that info is correct (and you have a copy!), I doubt if you'd have any serious problem.

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