IRA Rollover to SEP

[Kram BergGold]

My client has a small Traditional IRA and a large SEP (he contributes as A self-employed person. He wants to know if he cna roll the IRA into the SEP. I have looked in TTB and online and can't find anything on this. Is this permisable?

[jsamans]

My client has a small Traditional IRA and a large SEP (he contributes as A self-employed person. He wants to know if he cna roll the IRA into the SEP. I have looked in TTB and online and can't find anything on this. Is this permisable?

I earlier thought "no," because, in the case of a partnership, it is the partnership that must fund the SEP and disclose the amounts on the K-1s distributed to the partners (TTP 13-16).

However, as Y2KEA points out below, the IRS actually says "yes." Here is another reference: IRA FAQs, Rollovers and Roth Conversions).

[Y2KEA]

This chart says yes.

http://www.irs.gov/pub/irs-tege/rollover_chart.pdf

[Kram BergGold]

Thanks, That is a Great Chart

I just printed it out and will post it somewhere.