A SEP IRA is NOT a Traditional IRA and does not get entered in the IRA contributions interview if that is where you put it. That would add an excess contribution penalty and your tax will go up.
It it either entered in box 12 on your W-2 if you are an employee or in the self-employed (schedule C) sections under self employed retirement plans.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
