I'm self employed, and for 2022 year ending on 31 Dec, 2022 I had not contributed the maximized amount to my SEP. I'd like to maximize the allowed contribution but my SEP custodian is saying that what I contribute in 2023 will be marked on my 5498 form as being a 2023 contribution, not a 2022 contribution. However, they can mark it on my *statement* as being a 2022 contribution. They've said I need to designate the funds correctly on my tax forms. Does anyone know how I can do this? Is there a form available on the desktop version of turbotax where I can designate the year of my contribution?
Also, Last year, I did the same but did not know I had to do something with my tax forms—I thought the custodian marking it on the statement as being a previous year contribution was enough. I'm now concerned that the contribution I made in April 2022 to maximize my 2021 contribution has put me over the allowed amount for 2022. So, the issue here is the same -- how do I designate the correct tax year (ie previous tax year of 2021 for a contribution made in April of 2022)?
Any help would be much appreciated.
