turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

SEP mistake

I had a synchrony bank account misrepresented by them as a SEP.  It was only a CD and I only just found out this past week when I went to do a RMD.

They told me that this was only a CD and not a SEP and it took me over 2 weeks to find this out.  I deposited in March of 2024 for my 2023 taxes.  I reported these as SEP on my IRS income taxes in Turbo Tax.

 

How do I correct this with the IRS now in 2025?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

SEP mistake

Amend your 2023 return. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question