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tm67
Level 1

How do I enter pre tax contributions to a market based cash balance plan?

I have a market based cash balance plan ("defined benefit pension plan that uses a cash balance formula") available to me through my partnership that I contributed to in 2019. My plan does not use any of the terms Keogh, SEP, or SIMPLE in it.

 

When I go through TT Home & Business (DVD install on macOS) I go to Self-employed retirement plans. It first asks if I contributed to a Individual or Roth 401(k) plan. I answer no. Then it asks if I made contributions to any Keogh, SEP, or SIMPLE retirement plans. This is where I am unsure what to answer.

 

Is this where I should enter my contribution? I have not been able to find any other location to enter it. I thought someone told me once it should be entered under the Keogh section but I'm not sure.

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Accepted Solutions
dmertz
Level 15

How do I enter pre tax contributions to a market based cash balance plan?

Enter it as a Defined Benefit Keogh.

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1 Reply
dmertz
Level 15

How do I enter pre tax contributions to a market based cash balance plan?

Enter it as a Defined Benefit Keogh.

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