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Self employed
I know that SEP employer contributions (self-employed) should reduce my Sole Proprietor Business income.
- When I enter it under the Other Business Expenses - it does reduce my net income correspondingly (but then it reduces what I can max contribute under the SEP retirement tab).
-When I enter it under the SEP retirement tab for maximize - it doesn't appear to reduce my net business income.
Is this still a flaw/error with the retirement section of turbotax?
March 14, 2023
9:20 PM