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SEP and Simple for self-employed

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    #1

    SEP and Simple for self-employed

    I'm confussed,

    Can a self-employed individual with no employees, except themselves have both a SEP and a Simple (two different plans) for contribution purposes in a single year?
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    #2
    No

    You cannot have another plan if you have a SIMPLE plan.
    I would put a favorite quote in here, but it would get me banned from the board.

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