Let's say I have $25,000 in index funds in a taxable brokerage. To reduce my business's taxable income for 2023, I open a SEP before April 15, 2024.
If I want to fund the SEP with the $25k, can the funds be transferred directly without incurring capital gains on the sale? Or do they need to be liquidated (incurring tax, if applicable) and then put in as cash (or used to buy equities)?
If I want to fund the SEP with the $25k, can the funds be transferred directly without incurring capital gains on the sale? Or do they need to be liquidated (incurring tax, if applicable) and then put in as cash (or used to buy equities)?
Statistics: Posted by Admiral — Wed Jan 10, 2024 2:16 pm — Replies 0 — Views 72