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Self employed
I have the same question:
What do I fill out here, under "RETIREMENT CONTRIBUTION ALLOCATION"?
(TY23 Turbo Desktop Version)
I made a SEP contribution of $600.
Under "PERSONAL" (TOP BAR)
I made a Roth IRA contribution of $600 also.
I made a Traditional IRA contribution of $2000.
So TY23 retirement contributions in total of: $3200.
Now I took it all FROM the sole proprietor income (no LLC - just a DBA, it's just me also),
Schedule C income.
My "tentative Schedule C Profit" from Line E1 from the QBI Worksheet says, $27,280.
My "Schedule C profit after SE tax deductions" from line E6 from the QBI Worksheet says, $24,003.
This is the only income I have, this schedule C income.
So how to interpret that TurboTax question "Enter the amount attributable to your business"?
Would it be $600 for the SEP?
Technically, even the Traditional and the ROTH under personal are from my income from my business ...