andyturk
New Member

Why does turbotax limit my SEP-IRA deduction to $6500 when 18.5% of my self-employment income would be higher?

 
andyturk
New Member

Retirement tax questions

Yup, that was it. Thanks Critter!

Retirement tax questions

Are you entering the IRA contribution in the IRA section by mistake?



• On the top row of the TurboTax online screen, click on Search (or for CD/downloaded TurboTax locate the search box in the upper right corner)
• This opens a box where you can type in “self-employed retirement” (be sure to enter exactly as shown here) and click the magnifying glass (or for CD/downloaded TurboTax, click Find)
• The search results will give you an option to “Jump to self-employed retirement”
• Click on the blue “Jump to self-employed retirement” link and enter your information

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