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MRIVER77
New Member

SEP

I answered no to the question of contributing to a SEP but on my return under Additional income and Adjustments to income line line 15 it is adding in 2952.00.   does this mean I  must open a SEP.  I have gone back many times and the program tells me that I should answer yes to change my orig answer.  what should it do

2 Replies
SusanY1
Expert Alumni

SEP

If you are seeing it on Schedule 1, Line 15 go back and say yes you want to contribute to a SEP, then uncheck any box "calculate maximum contribution" and make sure there is no entry in the contribution box.

 

 

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dmertz
Level 15

SEP

To remove any self-employed retirement contributions you previously indicated, you can also simply delete the Keogh, SEP and SIMPLE Contribution Worksheet.

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