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My SEP IRA contribution is not showing as a deduction, and does not appear to be reducing my taxable income. Can someone explain why this might be the case?

 
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1 Reply
dmertz
Level 15

My SEP IRA contribution is not showing as a deduction, and does not appear to be reducing my taxable income. Can someone explain why this might be the case?

This would be the case if you did not have net profit from self-employment to support the SEP contribution.

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