Hello All:

I'm using turbotax, and when inputting information in the SEP for retirement contributions, I am selecting the maximum checkbox which says it will calculate what the maximum I can contribute. It states that maximum allowed to qualified plans to SEP says $6736, and says amount to contribute by plan due date is $6736. Yet later on, in my retirement deductions results page, it shows that the amount to be contributed by plan due date is -$4264. below this shows the amount deductible is $6736. Which number actually shows me how much I need to contribute to my SEP? Can someone clarify why there are two different numbers?

I am not familiar with the TB tax; I guess youneed to contact the vendor for more accurate help in detail.