HELP! Can’t remove incorrect SEP donation amount for TurboTax Online Self-Employed version

Yes, you can remove that entry, but you have to take out the number that you entered and then backtrack to answer the first question No. 

 

This is how to do that:

 

 

1. Open your return and select Federal on the left side menu.
2. Select  Wages & Income, scroll down to Other Business Situations, expand the section.
3. Find Self-Employment Retirement Plans, select Revisit to the right.
4. Answer the first question No and the second question Yes.
5. If a joint return, select which of you entered the contribution and click Continue. 
6. On the screen Your Contributions, delete the numbers, leaving everything blank.
7. Click Back in the lower left hand corner until you get back to Self-Employed Retirement Plans. 
8. Answer the question No.

 
 

Alternatively, you can delete the Keogh, SEP and SIMPLE Contributions Worksheet (Keogh/SEP Wks) to remove all self-employed retirement entries.  In the online version of TurboTax, click Tax Tools -> Tools -> Delete a form, then click the Delete link next to the the name of the form.

Thanks

 

But I had tried all that, numerous times. I had to delete the form as the next person commented.

I found on in the Home and Business version that if I checked the "Maximize Contribution"
 box, it left that number in the calculations even if you said NO to the questions about actually contributing. I finally (per the above comments) went to the the SEP/Keogh form and unchecked the "maximize" box, which zeroed everything out.  An odd lack of coordination between the different sections of their questions. 

Unfortunately, this undesirable behavior of TurboTax has caught many people out.