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S.E. retirement deduction connected to this business is wrong

I have retirement contributions that were reported to me in box 13R of schedule K-1 (form 1065) which I entered into Turbotax. When I switch to forms mode and go to the K-1 under section D2 line E.5.e "S.E. retirement deduction connected to this business" it doesn't match what I entered for box 13R. It seems that Turbotax has attributed some of this retirement contribution to my sole proprietorship on Schedule C on the QBI Deduction Smart Worksheet line E.5.e "S.E. retirement deduction connected to this business". Why does it think that the retirement deduction that was reported to me on my K-1 for my partnership would be connected to my sole proprietorship?

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2 Replies

S.E. retirement deduction connected to this business is wrong

S.E. retirement deduction connected to this business is wrong

13r requires entry of the type of retirement plan with the amount (code R detail worksheet - interview mode).  this should then flow to the Keogh, SEP and Simple contribution worksheet where additional detail may need to be entered (self-employed retirement plan worksheet).

 

 

 

since i have a different version of Turbotax you may need to  contact support since we can't see your return on this forum.

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