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Where do I enter my SEP IRA contributions?

SOLVEDby TurboTax2186Updated April 15, 2022

You only need to enter SEP IRA contributions made through self-employment work. If your employer made a SEP IRA contribution for you, then you don’t need to enter it in your return. (While you could contribute more to an employer-sponsored SEP IRA, TurboTax doesn’t support these contributions.)

Note: Before you enter your SEP IRA contributions, first make sure you've entered your self-employed income. This allows us to calculate the maximum amount you're allowed to contribute to your SEP IRA.

Once your self-employment income is entered:

  1. Sign in to your TurboTax account
  2. Open or continue to your return
  3. In the search bar type SEP IRA contributions (make sure to use this exact phrase)
  4. Select the Jump to link in the search results
  5. This will take you to the Self-Employed Retirement Plans screen
  6. Answer No to the question, Did you contribute to an Individual or Roth 401(k) plan?
    • If you get the message Self-Employed Retirement Plans are only for self-employed individuals, this means that you haven't entered your self-employed income yet. Once you've entered your income, you can come back to these instructions
  7. On the next screen, answer Yes to Keogh, SEP, and SIMPLE Contributions
  8. Continue to answer the questions until you get to the Your Contributions screen, where you’ll be able to input your SEP IRA contributions

If you want to enter contributions to a Traditional or Roth IRA, follow these instructions.

If you want to enter IRA distributions reported on Form 1099-R, follow these instructions.

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