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TaxxyDude
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Where to enter business paid contributions to employee retirement account

I am a sole proprietor in an LLC and have contributed the maximum amount to my retirement account (as an individual). 

I want my business to also contribute to my retirement account, but I can't find where to enter that contribution in Turbo Tax (for home & small business) Where do I enter this?

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2 Replies

Where to enter business paid contributions to employee retirement account

You contribute to a SEP IRA only as an employer. You can also as an individual contribute to a traditional or Roth IRA. 

Where to enter business paid contributions to employee retirement account

@TaxxyDude 

 

What kind of retirement plan did you set up ?   A solo 401K ?  Did you or will you issue yourself a W-2 ?

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