Self employed
Just followed your prescription but still get 70,000 in TurboTax 2025. See three screens below. Obviously, this amount of SEP contribution is not allowed, because $70,000 is way more than 20% of net self-employment income.
Just followed your prescription but still get 70,000 in TurboTax 2025. See three screens below. Obviously, this amount of SEP contribution is not allowed, because $70,000 is way more than 20% of net self-employment income.