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Answer
Jun 1, 2019 4:58 PM UTC

1.       Login and click Take me to my return

2.       On the left menu, under 2017 Taxes, select the Federal 

3.       Select the Income & Expenses tab along the top. To get to the full listing of Income and Expenses you may be asked to, "select options that apply to you," click Continue and then Check for more tax breaks, then See list of all tax breaks

4.       Scroll down to the Other Business Situations section and click the blue hyperlink Show more

5.       Click Start/Revisit next to Self-Employed Retirement Plans

6.       Next, answer the questions to enter your retirement.

Please feel free to post any additional details or questions in the comment section. 

 

10 replies

Jun 1, 2019 4:57 PM UTC
Are you Self-Employed?
frolapal1Author
Level 2
Jun 1, 2019 4:58 PM UTC
I am and I set up a defined benefit plan through a third-party administrator
Jun 1, 2019 4:58 PM UTC
Excellent. Let me know if you need anything else.
Level 2
Jun 1, 2019 4:58 PM UTC
The only defined benefit plan entry I see is "Defined Benefit Keogh" I don't think my defined benefit plan is a Keogh. Does it matter? Is it correct to enter it here?
Answer
Jun 1, 2019 4:58 PM UTC

1.       Login and click Take me to my return

2.       On the left menu, under 2017 Taxes, select the Federal 

3.       Select the Income & Expenses tab along the top. To get to the full listing of Income and Expenses you may be asked to, "select options that apply to you," click Continue and then Check for more tax breaks, then See list of all tax breaks

4.       Scroll down to the Other Business Situations section and click the blue hyperlink Show more

5.       Click Start/Revisit next to Self-Employed Retirement Plans

6.       Next, answer the questions to enter your retirement.

Please feel free to post any additional details or questions in the comment section. 

 

Level 2
Jun 1, 2019 4:58 PM UTC
This is not helpful. Defined benefit plans are not listed. The only ones listed are:Keogh,SEP, SIMPLE, and 401(k)s. None of these options is correct.
Level 2
Dec 16, 2019 5:15 PM UTC

For everyone above who didn't get an answer above, I believe that the defined benefit contribution goes under "Keogh Defined Benefit" under the self employed 401k section in turbotax as this populates on to Form 1040 Line 28 which per IRS notification this is the correct place to input this number. 

 

https://www.irs.gov/retirement-plans/self-employed-individuals-calculating-your-own-retirement-plan-contribution-and-deduction