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Manda1
Returning Member

SEP IRA contributions as self employed

I keep getting the following message regarding my self-employed traditional SEP IRA (not Roth) contributions. This is not related to a W2 and I am using TT Online so there's no software to update: 

 

Keogh/SEP/SIMPLE Contribution Worksheet: Line 4c, Taxpayer --We're updating how Traditional SEP and Roth SEP plan contributions are reported on the tax return based on new guidance from the IRS. Please check back with us after February 7th.

 

The numbers are correct on the form but I can't e-file until this is "fixed". 

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1 Reply
PatriciaV
Expert Alumni

SEP IRA contributions as self employed

TurboTax programmers are currently implementing some recent IRS changes for reporting SEP and SIMPLE plan contributions. As the message says, this should be included in the February 7 update of the online software.

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