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
02343
2 Replies
SusanY1
Expert Alumni
Jul 11, 2020 12:23:38 PM
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.
dmertz
Level 15
Jul 11, 2020 6:26:01 PM
To remove any self-employed retirement contributions you previously indicated, you can also simply delete the Keogh, SEP and SIMPLE Contribution Worksheet.