As an owner/employee of S Corp, do i need to enter SIMPLE IRA contribution in "Self-Employment Retirement Plans" section, even though the contribution is included in W-2?
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1 Best answer
dmertz
Level 15
Jan 15, 2023 1:16:11 PM
No, you do not enter anything in the self-employed retirement plans section. You are not self-employed. You are an employee of the S-corp. Deductions for contributions to the SIMPLE IRA are to be reported on the S-corp's tax return.
No, you do not enter anything in the self-employed retirement plans section. You are not self-employed. You are an employee of the S-corp. Deductions for contributions to the SIMPLE IRA are to be reported on the S-corp's tax return.