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Fixed Assets and UltraTax CS 2023 help is now on Help and Support. We're still moving articles, but you can find most content for the 2023 tax year there. Continue using the Help & How-To Center for tax years 2022 and older.
Question
Why is my Keogh, SEP, SIMPLE, or other qualified plan deduction not calculating?
Answer
Self-employed retirement plan deductions are calculated based on net self-employment earnings from the specified single activity under which the plan was established. Check to make sure you have the folder selected to which the plan relates. Screen Keogh can be found in all of the following folders.
Folder | Related activity |
---|---|
Business | Schedule C |
Farm | Schedule F |
K1 1065, 1120S | Partnership Income |
Retirement | Miscellaneous income - self-employment income (Screen Income) or contract and straddle income (Screen 6781) |
Related topic: Keogh, SEP, and SIMPLE contributions FAQs (1040)
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