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Sch 1 Part II Line 15 SEP is recording the calculated maximum contribution of $56,108. How do I get it record only the $50,000 that was actually contributed?

 
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1 Reply
dmertz
Level 15

Sch 1 Part II Line 15 SEP is recording the calculated maximum contribution of $56,108. How do I get it record only the $50,000 that was actually contributed?

Unmark the Maximize box on the Individual and Roth 401(k) contribution page and unmark the Maximize boxes on the SEP contribution page.

 

Alternatively, delete the Keogh, SEP and SIMPLE Contributions Worksheet and reenter your $50,000 SEP contribution in the SEP box on the SEP contribution page.

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