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)

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June 6, 2019
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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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M

MinhT1

If you have no employee, this is where you enter your total of employer and employee contributions. If you have employees, the employees' contribution are deducted from their wages and the employer's contributions are deducted as a business expense under Less Common Expenses > Employee Pension plan.

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D

ddc0626

From the 2023 Schedule C instructions: www.irs.gov/instructions/i1040sc

"Line 19: Enter your deduction for the contributions you made for the benefit of your employees to a pension, profit-sharing, or annuity plan (including SEP, SIMPLE, and SARSEP plans described in Pub. 560). If the plan included you as a self-employed person, enter the contributions made as an employer on your behalf on Schedule 1 (Form 1040), line 16, not on Schedule C."

From Publication 560:

"Remember that sole proprietors and partners can't deduct as a business expense contributions made to a SEP for themselves, only those made for their common-law employees."