SEP contribution

[Bucky]

Taxpayer wants to max SEP. Has two Sch C's of which one is passive and has loss. The other Sch C has profit of $185000. My program is netting the two C's for max SEP contribution. I think he should get just based on the non-passive C. Any thought would be appreciated.

Bucky

[JG EA]

Taxpayer wants to max SEP. Has two Sch C's of which one is passive and has loss. The other Sch C has profit of $185000. My program is netting the two C's for max SEP contribution. I think he should get just based on the non-passive C. Any thought would be appreciated.

Bucky

Wouldn't his max be $37,000 anyway? Is the amount lower than that? But it would have to be netted because it is according to SE income minuse 1/2 of SE tax. If the amount is lower than that that means the available funds to determine an SEP are lower.