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April 13, 2024
Question

How do you record SEP-IRA contributions for a single-person LLC in QB self-employed?

  • April 13, 2024
  • 1 reply
  • 9 views
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1 reply

QuickBooks Team
April 13, 2024

It's a pleasure seeing you here in the Community space, Melanie.

 

I've got some insights about recording SEP-IRA contributions in QuickBooks Self-Employed (QBSE).

 

Firstly, there's no specific category for retirement following the list provided by the Internal Revenue Service (IRS) for schedule C.

 

If you want to report an IRA as a self-employed individual, you have to manually include it in TurboTax when filing your tax return.

 

Moreover, I've added these resources for you to be able to know the function of QuickBooks Self-Employed:

 

 

Furthermore, here are some articles in case you need assistance making adjustments before you file your taxes in QBSE:

 

 

Let us know if you still have further queries about managing a retirement plan or anything else about QBSE. We're always here 24/7 to further assist you. Have a good one.