I am trying to determine if I can establish and contribute to a SEP IRA. Here are what I think to be the relevant details and questions.
- I receive a W-2 from my day job employer
- I have side income that involves
- 1099-MISC income sometimes
- ad revenue from a website (1099-NEC)
- k1 pass-through income from a partnership
- cash income from small hobby projects like teaching lessons or hosting small events
Do any of the preceding income sources qualify for contributions to a SEP IRA?