I contributed over $5,500 to a SEP IRA in 2016, if I enter amount with the traditional IRA section of Turbo Tax, it shows that I owe a penalty. Where do I enter info?

I contributed $14,000 to a SEP IRA- where do I enter this information? If I enter $14,000 into a "traditional IRA" the amount exceeds $5,500. However, in reading what is included within a "traditional IRA"- SEPs are listed.

738

Level 9

Jun 6, 2019 3:31:12 AM

Traditional and Roth IRAs are entered in a separate area from where you enter SEP IRAs, in TurboTax. You can follow the instructions below to help you get to where you can enter your SEP contributions.

Log into your account and click the orange Take me to my return button
Once inside of your return, type SEP accounts in the Search box in the top right
Choose jump to SEP accounts and that should take you right to the section to input that information.

Or you can get to that section this way:

Log into your account and click the orange Take me to my return button
Click on My Account, Tools and Topic Search
Type sep accounts into the box and click Go

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Where do I enter my Traditional or Roth IRA?

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I contributed over $5,500 to a SEP IRA in 2016, if I enter amount with the traditional IRA section of Turbo Tax, it shows that I owe a penalty. Where do I enter info?