Excess Contribution

I have a personal Roth and a SEP IRA -- how do I file so I get the benefits of the SEP? It just says I will be penalized for 'over contributing' but that's not true -- as I am contributing as employee, not an individual. Frustrating! I've spent hours on this.

posted

Only enter the SEP from your W2. Nowhere else. Not under Deductions. It is not a contribution to a regular IRA. I think the SEP already came out of your pay pretax.