1040-US: Entering a contribution rate different than the default rate for Keogh and SEP plans

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Question

How do I enter a contribution rate different than the UltraTax CS default rate of 25 percent for Keogh and SEP plans?

Answer

Enter the plan's full contribution rate in the Limitation percentage (Force) field in Screen Keogh. UltraTax/1040 calculates the maximum deduction using the rate entered.

Related topic: Keogh, SEP, and SIMPLE contributions FAQs (1040)

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