2025 taxes
I have a problem with1065 SEP contribution (K-1) for passthrough LLC partnership.
Should this be calculated based on 14A or 14C?
I used TT business to create the K-1's and it has a number that when I enter it in the K-1 section in TT-personal for 1040 it says it is too high and seems to calculate from 14A.
My 1065 apparently used K1- 14C but 1040 seems to use the lower 14A, so which is it?
It there a bug in TT business when calculating the maximum allowed SEP contribution?
