Where do I enter my SEP contributions in Turbo Tax? I tried in the Traditional IRA section, but it seems that is only for a $7000 maximum contribution.

DavidS3 · ‎March 21, 2021

I maxed out my SEP contributions but can't seem to find where to enter them in Turbo Tax. Thank you!

MaryK4 · ‎March 21, 2021

The entry for the SEP contribution is under Wages & Income- Other Business Situations (see below)

If you have self-employment income, you can contribute a certain amount of the profits from your business to special retirement accounts for you and your employees. Your contributions are tax deductible. The types of self-employed retirement plans are:

- Keogh
- SEP
- SIMPLE
- Individual 401(k)
- Roth 401(k)

TurboTax can help you figure the maximum amount you can contribute to your self-employed retirement plan.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Where do I enter my SEP contributions in Turbo Tax? I tried in the Traditional IRA section, but it seems that is only for a $7000 maximum contribution.