You do not enter your contributions to your SIMPLE plan directly on Schedule C.You enter them in TurboTax and the program will transfer them to line 19 on Schedule C.To enter yourself-employed retirement in TurboTax Self-Employed: Open your return and click on Search at the top right of your screenIn the Search box, type self-employed retirement then click on the magnifying glass icon on the rightOn the results page. click on Jump to self-employed retirement TurboTax will take to to an interview where you enter your SIMPLE plan contributions.

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How do I get to Schedule C Line 19 to enter a business deduction for contributions made to a SIMPLE retirement plan? (I am a self-employed sole proprietor)

Forum|Forum|6 years ago
June 6, 2019
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TurboTax Self Employed Online

Best answer by MinhT1

You do not enter your contributions to your SIMPLE plan directly on Schedule C.

You enter them in TurboTax and the program will transfer them to line 19 on Schedule C.

To enter your self-employed retirement in TurboTax Self-Employed:

Open your return and click on Search at the top right of your screen
In the Search box, type self-employed retirement then click on the magnifying glass icon on the right
On the results page. click on Jump to self-employed retirement
TurboTax will take to to an interview where you enter your SIMPLE plan contributions.

M

MinhT1Answer

You do not enter your contributions to your SIMPLE plan directly on Schedule C.

You enter them in TurboTax and the program will transfer them to line 19 on Schedule C.

To enter your self-employed retirement in TurboTax Self-Employed:

Open your return and click on Search at the top right of your screen
In the Search box, type self-employed retirement then click on the magnifying glass icon on the right
On the results page. click on Jump to self-employed retirement
TurboTax will take to to an interview where you enter your SIMPLE plan contributions.

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H

hawg0313Author

Actually, yes, the EMPLOYER contributions to the SIMPLE are a business deduction and are supposed to be included in the Schedule C. The directions you gave are for both employee and employer contributions which will show up on the 1040. Ironically, TurboTax actually has a note which says, don’t forget to also record this as a business deduction!