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New Member
posted Jun 6, 2019 9:42:44 AM

I made $37,000 as a consultant last year and would like to contribute to a SEP. How do I do this with Turbo Tax?

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1 Best answer
New Member
Jun 6, 2019 9:42:44 AM

It is available to enter SEP contributions with TurboTax.

Sign into TurboTax

  • Click Take me to my return
  • Go to search box at top right corner and enter SEP accounts
  • Click on Jump to SEP accounts
  • Click Yes - next screen Yes - next screen Continue - next screen Yes


2 Replies
New Member
Jun 6, 2019 9:42:44 AM

It is available to enter SEP contributions with TurboTax.

Sign into TurboTax

  • Click Take me to my return
  • Go to search box at top right corner and enter SEP accounts
  • Click on Jump to SEP accounts
  • Click Yes - next screen Yes - next screen Continue - next screen Yes


Level 15
Jun 6, 2019 9:42:47 AM

Although you can calculate the SEP max contributions allowed with the TT program after you have entered in all your income & expenses  you cannot actually make the contribution to a bank or broker account ... that is something you must do outside of the TT system.