TurboTax is asking which business, the contributions you are entering, are for. Do you have multiple sources of self-employment income/businesses? Make sure you are entering your contributions in the correct place. Instructions are linked below. Self-employed retirement plans: To enter SEP IRA contributions To enter Solo 401k contributionsIf you are not self-employed: and want to enter contributions to a Traditional or Roth IRA, follow these instructions. and need to enter IRA distributions reported on Form 1099-R, follow these instructions.

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celine2cat

Question

I don't understand the question...on page titled Retirement Contribution Allocation...Amount of Contribution Attributed to this business?

Forum|Forum|1 year ago
February 17, 2025
1 reply
0 views

DawnC

Employee

TurboTax is asking which business, the contributions you are entering, are for. Do you have multiple sources of self-employment income/businesses? Make sure you are entering your contributions in the correct place. Instructions are linked below.

Self-employed retirement plans:

To enter SEP IRA contributions
To enter Solo 401k contributions

If you are not self-employed:

and want to enter contributions to a Traditional or Roth IRA, follow these instructions.
and need to enter IRA distributions reported on Form 1099-R, follow these instructions.

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