Traditional IRA and SEP

[spanel]

I have a client (sch C) who has contributed $5500 into a traditional IRA already for 2015.

He now wants to contribute the max to a SEP. $50000 profit in said sch C.

Can he contribute to both? I have not found anything that says he cant...

Thanks!!

Chris

[BP.]

The SEP's an employer plan, so depending on MAGI, the deduction for the traditional IRA contribution might be limited.
TTB 13-12.

[spanel]

The SEP's an employer plan, so depending on MAGI, the deduction for the traditional IRA contribution might be limited.
TTB 13-12.

Otherwise? No problem contributing to both?

Chris

[TaxGuyBill]

Yep, it's allowed.