SEP Contributions not being added to SE Earnings Worksheet

Forum|Forum|2 years ago
January 19, 2024
1 reply
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Hi Folks,

I'm comparing my 2022 and 2023 Turbo Tax information, and have noticed that on line 4a(3) of the SE Earnings Wks (Forms Mode) the SEP Contribution amounts are not appearing in 2023 as they have in 2022. I'm wondering what the condition is that causes these to be included into the math. The values do appear on the Schedule K-1 Worksheet, but currently aren't considered SE income for the partners.

Thanks for any ideas you all may have.

TurboTax Business Windows

CajunDAuthor

BTW, adding it via the form interface is a trivial matter, I guess I am concerned that the software is behaving differently, or I have missed a checkbox somewhere that triggered this calculation. I have read that owners can't deduct this contribution, which would make sense that is it included in the SE total.

Thanks again!

DianeW777

If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information.  We would be able to view the situation. Here are the instructions:

TurboTax Online:

Go to the black panel on the left side of your program and select Tax Tools.

Then select Tools below Tax Tools.
A window will pop up which says Tools Center.
On this screen, select Share my file with Agent.
You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number.
Reply to this thread with your Token number. This will allow us to open a copy of your return without seeing any personal information.

TurboTax CD/Download:

If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps:

Click on Online in the top left menu of TurboTax CD/Download for Windows
Select 'Send Tax File to Agent'
Write down or send an image of your token number then place in this issue.
We can then review your exact scenario for a solution.
Please also tell us any states included in the return.

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution.

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