I read the message thread with great interest, but I have an issue that I think caused me to "Overcontribute"
Here's the gist of it. Employed at a business where I max'ed out my contribution 27000 (Box 12 Code D on my W2. Yes, i am old. My self employed Business that I have (which has a SEP) (only one person, me) has earned income. I want to contribute the max. I checked the Max button on SEP on the Keogh.SEP worksheet. Allowed value of 181359 * 20% equals 36272, which TT put on line 16 of 1040 Wks. so then I look and it seems that I am reporting contributions of 27000 plus 36272 which is 63272. Believe max amount I am allowed is 61000. What did I do wrong. Fearing I am going to have to file amended if I screwed this up.
