Keogh, SEP, SIMPLE, or other qualified plan isn't calculating
UltraTax CS calculates self-employed retirement plan deductions based on net self-employment earnings from the specified single activity under which the plan was established.
If your qualified plan deduction isn't calculating, check that you've selected the folder to which the plan relates. You can find the
Keogh
screen in the following folders.Folder | Related activity |
|---|---|
Business | Schedule C |
Farm | Schedule F |
K1 1065, 1120S | Partnership Income |
Retirement | Miscellaneous income — self-employment income (the Income screen) or contract and straddle income (the 6781 screen) |
note
If the deduction doesn't appear in the Self-employed SEP, SIMPLE, and qualified plans field on Form 1040, review the Keogh/SEP/SIMPLE Worksheet by using
Ctrl+F
on the Keogh
screen.
