sjrcpa
Level 15
05-13-2025
01:12 PM
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I think Accountant Man was answering this:
"Can you explain when to use the Profit-sharing (25%/1.25) (1=maximum) field versus the Self-employed SEP (25%/1.25) (1=maximum) field?"
Anyway, a 401(k) is not a SEP. A 401(k) is a type of Profit Sharing Plan.
The more I know the more I don’t know.