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Bob Brinker Free Discussion Site 59,820+: Re: Re: Re: Re: Re: Asset Allocation: Consider TAXES!


  1. Happy_2

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Top 1.   Dec 27, 2005 11:20 AM

» Happy_2 - Re: Re: Re: Re: Re: Asset Allocation: Consider TAXES!

In response to Re: Re: Re: Re: Asset Allocation: Consider TAXES! posted by bbaddict:
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Regarding a SEP for a self employed person. FICA is computed on the Schedule C profit. This profit is computed on Schedule C without deduction for the SEP contributions. A SEP is deducted as an adjustment to income on page one of your 1040, line 32.

-- posted by Happy_2


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