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sehoward238
April 1, 2025
Question

I received a small amount of self employment income on my k-1.( line 14). How (where) do I take an ira deduction on turbotax based on this income?

  • April 1, 2025
  • 1 reply
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    1 reply

    J
    JamesG1
    April 1, 2025

    The self-employment income should qualify you for a Traditional IRA deduction.  In TurboTax Premium Online, follow these steps:

     

    1. Down the left side of the screen, click Federal.
    2. Down the left side of the screen, click Deductions & Credits.
    3. Click the down arrow to the right of Retirement and Investments.
    4. Click to the right of Traditional and Roth IRA Contributions.
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