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SEP IRA maximize?
Hello all,
I have a small sole proprietorship in addition to my regular employment. No employees it is just me. In Turbo Tax I see where I put in the amount I contributed to it for 2019. But to the right there is a Maximize check box. If I check the box it it changes my return by a few hundred dollars. But I am not sure if I should and dont want to do anything wrong. Can anyone explain why that option is there and what any ramifications are?
Thanks
Mike
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‎January 28, 2020
7:19 AM