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Business & farm
@MateoCS wrote:I contributed to a SEP IRA. TurboTax won't let me enter the contribution if a Schedule C is not filled out even though I filled out a K-1 1120S. Thoughts?
TIA,
~Mateo
YOU are not eligible to contribute to a SEP. It is an employer plan, so the corporation would contribute for you. If it did that, that deduction is on the corporate return.
‎July 14, 2020
8:22 PM