Schedule C Retirement Plans

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  • JDW
    Junior Member
    • Dec 2015
    • 27

    #1

    Schedule C Retirement Plans

    Real Estate Salesman who is a sole proprietor (ss #) Schedule C filer has a Simple IRA that he and the business contributes to. Started another business this year flipping homes, dealer not investor and sole proprietor under his ss#. Therefore, will have two Schedule C businesses on 2017 return. Any issues with setting up and contributing to a SEP in 2017 for the flipping business, to maximize retirement contributions, Simple with one Schedule C business and SEP for the other Schedule C business.
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