SEP max contribution - two schedule Cs

Forum|Forum|2 months ago
April 1, 2026
1 reply
82 views

I have two schedule Cs (two different businesses) and when I select the "max" contibution button, it based the net profit from both businesses combined. I understand this is how it is supposed to be done.

However, further through the process of adding this contribution, TurboTax shows only one business under "Amount of contribution associated to this business". If the max contribution is based on all schedule Cs, why is TT only showing one business as an option to associate the contribution? How is this to be handled if it needs to be split, or how do I make the second business show up under the association screen? Or does it matter at all that it's associated under one business, but the amount if determined by the net profit of both?

I'm using turbo tax for desktop on a mac.

MaryK4

Level 15

Because you are a sole proprietor, the IRS views you as the employer, not the individual Schedule Cs. Your SEP-IRA contribution limit is calculated based on your total net self-employment income across all businesses. The deduction itself ends up in the same place on your tax return (Schedule 1, Part II, Line 16.)

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AGP11Author

Level 3

thank you. Just so I'm clear, is it ok to associate the total contribution (of both businesses) under one of the businesses during the TT interview. TurboTax shows only one business under "Amount of contribution associated to this business", not both.

Thanks.