topic Re: LLC property in Get your taxes done using TurboTax

LLC property

raypol11 — Tue, 24 Feb 2026 05:21:02 GMT

How do I take advantage of a SEP deduction for investment property income earned under an LLC?

Re: LLC property

MaryK4 — Wed, 12 Apr 2023 02:25:13 GMT

If you are filing a Schedule C, you can enter your SEP information and TurboTax will calculate and recommend your maximum contributions based on income.

Re: LLC property

raypol11 — Wed, 12 Apr 2023 02:32:42 GMT

Hi MaryK4,

Unfortunately, I am filing my income thru a partnership LLC receiving a K1 for my personal returns.

Re: LLC property

ThomasM125 — Wed, 12 Apr 2023 03:04:39 GMT

Income reported on a schedule K-1 for investment property is probably not considered self-employment income and as such it is not earned income so you can't qualify for a SEP contribution for it. The income would have to be listed in box 14 on a schedule K-1 from a partnership Form 1065 to be considered self-employment income.