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Self employed
Thank you. I appreciate the response. But your advice seems somehow incorrect.
Because the "Question" - It's an Order rather, because it says,
"Enter ... the amount of your $600 KEOGH, SEP, SIMPLE, or 401K contribution deduction attributable to [name of my business]"
appears under the TurboTax tab "BUSINESS" - not under the tab "PERSONAL".
The cumulative contributions of $2600 to the Traditional and Roth IRAs are under the PERSONAL tab.
My impression is that the TurboTax instruction relates to the worksheet for FORM 7206, line 9, for "Self-Employed Health Insurance Deduction". Because that instruction precedes the health insurance deduction.
It appears very similarly on line 9 as in TurboTax.
‎April 25, 2024
7:23 PM