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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.
‎April 7, 2021
2:12 PM