I am a self employed individual (not incorporated -- I do not have an employer and have no other income than from self employment) and I set up a SEP IRA many years ago. When I do my taxes with TurboTax, I am told by the software how much I can contribute to it, and I just send a check to my custodian. This year, I did the deposit to my custodian online and it did not give me an option to pick 2022 as the year for which I have claimed a deduction on my 2022 taxes and simply listed as a contribution in 2023.
- Am I supposed to do anything more like sending another form to the IRS? My taxes have already been filed and I have received my refund.
- I also learned this year that my custodian does not report these contributions to the IRS. Other than filing taxes, is there anything else that an individual like me must do?
