I made a mistake in using Turbotax where I added my self-employed consulting income twice. This resulted in greater taxes, but also an excess SEP IRA contribution. I am working on the 2015 1040X. Do I need to fill out a 5329 or 5330 for 2015? I am hoping I can do the 1040X with the corrected income and file with the correct SEP IRA contribution. I hope to then decrease my 2016 SEP IRA contribution. Does this sound correct?
... View more
We provide you with a way to opt-out of advertising activities on our websites
We leverage outside service providers who assist us with our marketing and advertising activities. Note: by opting-out of this tracking, you may still see Intuit advertisements, but they may not be tailored to your interests.