dmertz
Level 15

Retirement tax questions

TurboTax is apparently asking in in regard to determining how much of a self-employed health insurance deduction is permissible.  If this is your only self-employment business, enter the enter amount of your SEP contribution.

 

The total of the deductible portion of self-employment taxes, your SEP contribution and your self-employed health insurance deduction is not permitted to exceed your net profit from self-employment.