Simple IRA Elective Contribution Double Entered

[dldearth63]

As an owner of a small firm, income - and thus Simple IRA/401k deduction in totality, elective and matching - show on my K-1.  The total value was copied over in the income section.  Somewhere along the line, the elective and matching is also now recorded as separate items, thus indicating that I am way over on the maximum permitted.  I cannot find where to go and change that to correct.  Suggestions please?

Thanks!

[dmertz]

It seems that you might have separately entered the contributions in the self-employed retirement section of TurboTax.  TurboTax gets the necessary amounts from the code-R entry in box 13 of the the Schedule K-1 (Form 1065) and your entries in the Schedule K-1 section as to how this contribution is broken into employee and employer contributions, so you must not enter them under Business Deductions and Credits.

I suggest deleting TurboTax's Keogh, SEP and Simple Contribution Worksheet and letting it auto-regenerate from the Schedule K-1 information.