I contributed over $5,500 to a SEP IRA in 2016, if I enter amount with the traditional IRA section of Turbo Tax, it shows that I owe a penalty. Where do I enter info?
I contributed $14,000 to a SEP IRA- where do I enter this information? If I enter $14,000 into a "traditional IRA" the amount exceeds $5,500. However, in reading what is included within a "traditional IRA"- SEPs are listed.