Enter simplified employee pension (SEP) contributions

Per Form 1120-S Instructions, line 17: Enter the deductible contributions not claimed elsewhere on the return made by the Corporation for its employees under a qualified pension, profit-sharing, annuity, or simplified employee pension (SEP) or SIMPLE plan, or any other deferred compensation plan.
Do the following to enter employee pension contributions:
  1. Select the
    Income & Deductions
    folder.
  2. Select the
    Inc
    tab, then go to the Deductions section.
  3. Enter the contribution amount in the
    Pension and profit-sharing contribution paid
    field. This amount will transfer to Line 17.
  4. Follow these steps if you want to report the shareholder's share of the SEP contribution on Schedule K-1:
    1. Select
      View
      ,
      Shareholder Information
      , then the
      Other Info
      tab.
    2. Enter the data in the Supplemental information statement window. This data is reported in the Schedule K-1 statement for Box 17, Code V.

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