itonewbie
Level 15
12-07-2019
01:59 AM
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DB contribution to a qualified plan for the self-employed individual is deductible on Line 28. Deduction for contributions for employees are, on the other hand, deductible on Sch C.
It does not appear Lacerte/PTO are taking the DB contribution into account even though it does correctly take into account SEP-contribution deductions. This is clearly a glitch that should be fixed.
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Still an AllStar
Still an AllStar