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Self-employed retirement contributions
I am working on my 2024 return and am self-employed. I originally entered a contribution to a Traditional SEP, but then I learned that my investment account is actually an Individual 401k. When I tried to change the entries in Turbo Tax it won't allow me to eliminate the SEP contribution and if I add the 401k it show double the amount that I intend to contribute. How can I remove the SEP contribution and only claim the 401k?
March 22, 2025
10:32 PM