You're definitely getting to my question, thanks. However, are you sure this is right? I've read a number of places where it refers to the different rules around both employer contributions and employee contributions (as part of a salary deferral arrangement). For instance, Schwab's application for setting up elective employee deferrals: https://www.schwab.com/public/file/P-968190/REG13284-15-ST.pdf
For FAFSA, employer contributions are not included, but elective employee contributions are -- and this is what makes the SEP so confusing. I've seen no help (on TurboTax or anywhere) about how you distinguish between an employer contribution and an employee contribution when, as a sole proprietor, you are both.
