You'll need to sign in or create an account to connect with an expert.
Since you are using TurboTax Self Employed, presumably you are a sole proprietor with net profit calculated on Schedule C or Schedule F.
You do not enter your elective deferrals separately. The total of your employee elective deferrals and your employer contribution goes in the single box for SIMPLE contributions on the Your Contributions page in the self-employed retirement section. TurboTax then places the deduction on Form 1040 line 28.
Since you are using TurboTax Self Employed, presumably you are a sole proprietor with net profit calculated on Schedule C or Schedule F.
You do not enter your elective deferrals separately. The total of your employee elective deferrals and your employer contribution goes in the single box for SIMPLE contributions on the Your Contributions page in the self-employed retirement section. TurboTax then places the deduction on Form 1040 line 28.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
2chem2
Level 2
cindybear
Returning Member
Jastonmoody
New Member
user673611
New Member
erasmuss
New Member