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TurboTax Home & Business:
Business Income and Expenses -> Less Common Business Situations -> Self-employed Retirement.
TurboTax Deluxe or Premier:
If, on the other hand, you are the employee of a sole proprietorship that is contributing to the SEP IRA in your name, then the SEP IRA employer contributions are not reported on your W-2 so no need to report it.Wages & Income -> Business Items -> Business Deductions and Credits -> Self-employed retirement plans.
TurboTax Home & Business:
Business Income and Expenses -> Less Common Business Situations -> Self-employed Retirement.
TurboTax Deluxe or Premier:
If, on the other hand, you are the employee of a sole proprietorship that is contributing to the SEP IRA in your name, then the SEP IRA employer contributions are not reported on your W-2 so no need to report it.Wages & Income -> Business Items -> Business Deductions and Credits -> Self-employed retirement plans.
I am self employed. I contributed as employer and employee to SEP IRA.
Do I enter both information or only my (employee) contribution ?
Do I need to enter contribution as employer to SEP IRA ? Where to enter that information ?
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