Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
M
mls048
January 27, 2025
Question

Can I roll over Keogh into a SEP IRA and make a 2024 contribution to the SEP or should I roll over after I have made 2024 contributions to Keogh.

  • January 27, 2025
  • 1 reply
  • 0 views
It is Jan 2025 now. I want to terminate my 2 Keogh Plans (Money Purchase&Profit Share) and rolling funds over into a single SEP IRA.

    1 reply

    K
    KeshaH
    January 28, 2025

    You can rollover your Keogh plans into a SEP IRA and then make contributions. The rollover is not subject to contribution limitations. Whether you choose to make the contributions before or after the rollover makes no difference.

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification