I want to have both SEP & Roth 401K. In Turbotax, when I checked "max contribution" box for SEP, it showed -$7736 on Retirement Deduction Results page, but when I put in same amount manually, it does not. Does it mean I cannot contribute to both SEP IRA and Roth 401K, or I contributed too much to one of them? I am a small business owner with no employee and have about $15000 income. I was going to contribute $12000 to Roth 401K and $3000 to SEP. I understand that that I am able to have both. Please help. Thank you.
