Skip to main content
January 29, 2025
Question

LLC, Pending Late S Corp Election, SEP IRA Contributions

  • January 29, 2025
  • 1 reply
  • 0 views

Hello, all. 

So, I've got a single member LLC, awaiting confirmation by the IRS that my late election has been accepted. It could be a while. In the meantime, I contributed to my (long time standing) SEP IRA via personal funds. I'm going the 1099-NEC route for the first year return. My question is, regarding the contributions, now what?

1 reply

January 30, 2025

Please clarify your question.  What do you mean by "...regarding the contributions, now what?" 

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"