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Business & farm
You need to not enter it into the SEP contribution section and enter it directly into the associated business' section. Pay attention to the amounts - if you're associating it with one business you are limited to 20% of that business' income instead of your overall self-employment income. Enter it as an expense directly into the associated business labeling it as what it is.
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‎January 30, 2024
9:10 AM