I am still making contributions to my SEP.
Is there any reason I can't withdraw $50,000 from the SEP account and then roll over the $50,000 back into the same SEP within 60 days and avoid paying taxes on this rollover?
I'd withdraw the $50k and have $0 taxes withheld.
Basically, it's borrowing $50,000 for 60 days.
Thank you for your help.