SEP Contribution

[Joel V]

I am having some issues generating a max SEP calculation on the 1040.  Taxpayer wants to contribute max SEP for 2023 on the S Corp return.  I clicked the "compute max SEP contribution" button and nothing is appearing. Please advise. 

[IRonMaN]

That would be done at the Corp level, not his 1040

[Joel V]

Yes I clicked it in the S Corp return and nothing computed. 

[Just-Lisa-Now-]

You said on the 1040.   

Does the 1120S return even have a button for this?

[TaxGuyBill]

Maximum SEP is 25% of W-2 wages.

If I remember correctly, deduction is on 1120-S and nothing is mentioned on the 1040.

[Accountant-Man]

Does he have any wages for himself on the S corp? Any employees' wages?

[Joel V]

Yes, he does have wages. Is there something I have to check so that it links the max contribution to his wages? 

[sjrcpa]

The deduction is claimed on the S Corp 1120S.