Can I have SEP IRA accounts at two different brokerage firms? Is this OK with the IRS??

Question: I want to open SEP IRA accounts - one for stocks at Charles Schwab and one SEP IRA account at another firm (www.trustetc.com) to invest in real estate.

Answer:
Yes. The IRS only cares about the SS number and the total you put in for the year.

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Yes you may. I am a retired IRS agent- so TRUST ME. (HONESTLY I AM). My official title- Problem Resolution Officer- since changed to Taxpayer Advocate. May I suggest ordering a Publication 17 from the Service- you will find a lot of good information- and it's free!

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YES, as long as the combined total contribution to does not go above the limit allowed ..

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