Marie Posted September 23, 2019 Report Posted September 23, 2019 Husband and wife are partners in a business. Wife gets guaranteed payments and both are 50/50 in profit. Husband also runs another business separate from the partnership. We want to set up a SEP. Husband's separate business is eligible (and he has no employees) What about the profit from the partnership? The partnership does have employees. Can I use ptshp income for SEP? or only the profit from the separate business? ATX SEP worksheet puts the partnership income into the calculation by default Quote
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