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bmmc
New Member

Where to enter regular IRA contribution based on $12705.00 in 1099-NEC consulting income in Turbotax 2023?

I am using Turbotax 2023, and although I am largely retired, I have $12705.00 in consulting income reported on a 1099-NEC.  I am about to make a contribution to my IRA with some of this income but cannot find anywhere to report this contribution in Turbotax.  

 

Turbotax has put the 1099-NEC income under self-employment income (I gather correctly).  Where would I report the IRA contribution?  

 

Thanks in advance for any assistance you can offer. 

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2 Replies

Where to enter regular IRA contribution based on $12705.00 in 1099-NEC consulting income in Turbotax 2023?

To enter, edit or delete an IRA contribution -

Click on Federal Taxes (Personal using Home and Business)
Click on Deductions and Credits
Click on I'll choose what I work on (if shown)
Scroll down to Retirement and Investments
On Traditional and Roth IRA Contributions, click the start or update button

bmmc
New Member

Where to enter regular IRA contribution based on $12705.00 in 1099-NEC consulting income in Turbotax 2023?

Thank you!!

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