I entered my SEP IRA contribution information, but it didn't get deducted from my 1099 taxable income information. How do I fix it to reflect deduction?

[jaeleeljs77]

In short, I entered my SEP IRA contribution info, but it does not seem like I got any tax deduction/benefit. How do I correct this to get correct deduction?

[dmertz · Accepted solution]

Check the deductible amount shown at the bottom of TurboTax's Keogh, SEP and SIMPLE Contribution Worksheet.  If TurboTax show $0 there, TurboTax has determined that the SEP contribution is not permitted, generally because your Schedule C does not show any profit from self-employment.