I entered $6,500 for my Self-employed Retirement (SEP) and is not showing up on final return. (I did takes a loss on the business this year).

posted

Connect with an expert

1 Reply

I entered $6,500 for my Self-employed Retirement (SEP) and is not showing up on final return. (I did takes a loss on the business this year).

If you had a loss this is why you are not seeing this. You can contribute up to 25% of your net earnings to a SEP.

https://www.irs.gov/retirement-plans/retirement-plans-for-self-employed-people

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?