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New Member
posted Sep 1, 2020 5:29:06 AM

SEP IRA Payments until October 15 - Extension

Hi there -

I filled out the form 4868 and paid all taxes before July 15, and filed electronically. 

 

Now I'm going back to finish up and fund my SEP IRA (I'm self-employed, and can fund about $30K this year.) 

 

Several problems: First, my previous SEP IRA contributions aren't showing. 

Second, it doesn't seem like turbotax is recognizing that I can make additional SEP IRA contributions up until October 15, 2020. 

0 4 1169
4 Replies
Level 15
Sep 1, 2020 10:55:44 AM

To enter your self-employed retirement contributions in TurboTax, log into your tax return  (for TurboTax Online sign-in, click Here) and type "self-employed retirement" in the search bar then select "jump to self-employed retirement". TurboTax will guide you on entering this information. 

                                  

Enter self-employed retirement in the Search box located in the upper right of the program screen.  Click on Jump to self-employed retirement … TurboTax will guide you on entering this information. 

 

Level 15
Sep 1, 2020 11:03:05 AM

Switch to the FORMS mode to see the actual forms ...that should be on sch 1 line 16.

New Member
Sep 3, 2020 4:08:15 AM

Thank you for your answer.  My problem was that I had entered it, but it wasn't showing when I opened my draft taxes form, after about a 2-month hiatus. After a while, it seemed to show up.  Weird.  

 

It's just discomfiting that I don't clearly see that my e-file of my extension was "filed" - the extension form is filled out, though. 

New Member
Sep 3, 2020 4:08:57 AM

Thank you - yeah, it showed up and I saw it there. Thanks for your response!