I am a sole owner LLC that files an 1120-S and I receive a K-1 generated from TT Business. On line 17 of the 1120-S it shows my SEP contribution. However, the K-1 does not reflect it (nothing in box 13). Thus, I assume that I should report the SEP contribution on the 1040 under the Keogh, SEP and SIMPLE Plans portion of TT - correct?
Appreciate the assistance!
