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New Member
posted Feb 28, 2023 10:07:32 AM

In turbotax online Self-Employed, where do I enter my SEP IRA contributions?

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2 Replies
Level 15
Feb 28, 2023 10:15:54 AM

Click on Tax Tools on the left side of the program screen.

Click on Tools.

Click on Topic Search.

Type in self-employed retirement. With the key words highlighted, click on GO.

Expert Alumni
Feb 28, 2023 10:22:16 AM

Before you enter your SEP IRA contributions, make sure you've entered your self-employed income. This allows us to calculate the maximum amount you're allowed to contribute to your SEP IRA.

Once your self-employment income is entered:

  1. Sign in to your TurboTax account
  2. Open your return
  3. Search SEP IRA contributions
  4. Select the Jump to link in the search results
  5. In the Self-Employed Retirement Plans screen, select No to the question, Did you contribute to an Individual or Roth 401(k) plan?
    • If you get the message Self-Employed Retirement Plans are only for self-employed individuals (i.e., those filing Schedules, C, F, or K-1), this means that you haven't entered your self-employed income yet. Once you've entered your income, you can come back to these instructions
  6. In the Keogh, SEP, and SIMPLE Contributions screen, select Yes
  7. Answer any additional questions until you get to the Your Contributions screen, where you’ll be able to input your SEP IRA contributions