SEP max contribution - two schedule Cs

[AGP11]

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]

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.)

[AGP11]

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.

[AGP11]

I have a new issue stemming from the two schedule Cs. I have two businesses (with the SEP contribution being based on net income from both), but only one shows up to associate the contribution. Now during final review, it's throwing the following error Form 7206: SE Health insurance deduction : Keogh EP contribution must be entered.

It wants some form of value..what do i enter?

When I go back to the interview (where I can associate the SEP to a business) I can edit the one business to include an amount, but what amount do i put, all of it, or if partial, how do i calculate that?

This year's TT has been messy. I've used it for decades and the software is not handling the processing for me — so much manual intervention necessary to address errors. I'm on TT desktop for mac