@VolvoGirl Thanks. I got help from TurboTax.
Essentially, for this option to show up, you need to indicate that you have employees in the "general info" tab of your business. Only after you do this, "Pension and profit-sharing" plans will start showing up as an option under "Other expenses"
Note that
1. You need to get a formal pension plan and / or a profit sharing plan set up, and file 550 for it
2. You can do this even if you are running a sole proprietorship
