When you are logged into your TurboTax program you can click on the Live Tax Advice menu option to talk to a tax expert. Here is a link you can use to find help if you are using the desktop TurboTax program: Turbo Tax Live Help
As far as your issue is concerned, the recommended steps to resolve it would be to look at your form 1040 before and after you enter your SEP contribution and see what numbers change. Then, investigate each area where there was a change to narrow down what is going on.
One possibility is that you are not eligible for a SEP contribution so when you enter it it is not being deducted but you are subject to a penalty for an excess contribution to a retirement plan. Your SEP contribution would be limited to 25% of your wages from the business associated with the plan. There are also limits on how much you can contribute in total to retirement plans in a given year.
I suggest you look at line 16 of schedule 1 to see if your SEP contribution is showing up on your tax return. Also look on line 8 of schedule 2 to see if there is an additional tax on IRA's or other tax-favored accounts.
To view your form 1040 and schedule 1 to 3:
- Choose Tax Tools from your left menu bar in TurboTax Online
- Choose Tools
- Choose View Tax Summary
- See the Preview my 1040 option in the left menu bar and click on it
- Choose the Back option in the left menu bar when you are done
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