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Where do I put the deduction for a SEP IRA?

I am self employed with a SEP IRA. Where do I put the SEP IRA deduction in Turbotax?
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Where do I put the deduction for a SEP IRA?

If you are self-employed, you can enter your retirement contributions using these steps:

  1. Click FEDERAL (Business in the Home & Business version)  > Continue > I'll choose what I work on
  2. On the screen, Let's gather your business info, scroll down to the Less Common Business Situations section.
  3. Click on the Start/Update box next to Self-Employed Retirement. 
  4. On the Self-Employed Retirement Plans screen, click Yes.
  5. You will first be asked if you contributed to Individual and Roth 401(k) Plans.  Click Continue if this doesn't apply.
  6. Next you will be asked about any Keogh, SEP and SIMPLE Contributions.
AnnetteB6
Expert Alumni

Where do I put the deduction for a SEP IRA?

If you are using TurboTax Online Self-Employed, you can find the self-employed retirement contributions section by going to Federal > Income and Expenses and then scrolling down to the Other Business Situations section.  Click Start or Update beside Self-Employed Retirement Plans.

 

If you are using TurboTax CD/downloaded Home and Business version, start by going to the Business tab at the top of the screen.  Then, scroll down to Less Common Business Situations and click Start or Update beside Self-Employed Retirement.

 

For more information, see the following TurboTax article:

 

Where do I enter my SEP IRA contributions?

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