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Level 1

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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Level 1

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?

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
Level 1

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?

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 20

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?

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.