Turbo Tax limits SEP IRA contributions, so no they dont really do it . They treat it like a traditional IRA and limit you to $6500 contribution (or contributionS). Its annoying and Im not sure what to do. As a self employed person I need my total contribution (Im allowed 25% of my income) to be counted! On the horribly clunky chat function then on the phone with TT "expert" for hours and still no resolution. Cummon Turbo tax Im paying you as much as I would a CPA at this point! DEAL WITH THIS SEP IRA ISSUE!!!
