- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I’m trying to enter SEP IRA contributions but TurboTax takes me to the traditional IRA contribution which I have already maxed with my employers 401k.
Topics:
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I’m trying to enter SEP IRA contributions but TurboTax takes me to the traditional IRA contribution which I have already maxed with my employers 401k.
Neither SEP contributions nor the contributions you make to your employer's 401(k) are to be entered anywhere under Deductions & Credits.
Search for "self-employed retirement" to find the Business section where you enter SEP contributions.
Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.
2 Replies
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I’m trying to enter SEP IRA contributions but TurboTax takes me to the traditional IRA contribution which I have already maxed with my employers 401k.
Neither SEP contributions nor the contributions you make to your employer's 401(k) are to be entered anywhere under Deductions & Credits.
Search for "self-employed retirement" to find the Business section where you enter SEP contributions.
Enter amounts shown in box 12 of your W-2 only in box 12 of TurboTax's W-2 form, nowhere else in TurboTax.
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
I’m trying to enter SEP IRA contributions but TurboTax takes me to the traditional IRA contribution which I have already maxed with my employers 401k.
Thanks
Still have questions?
Make a post
Or browse the Forums