Solved
2023 Max SEP/Keogh Contribution Incorrect?
Hi -
Schedule 1 shows as final on the update page, but seems to be limiting SEP/Keogh contributions to the 2022 max of $61k instead of the 2023 max of $66k. I checked the Keogh/SEP/SIMPLE contribution worksheet and if I enter a $66k SEP contribution (plenty of Sch C income to support it), It shows $66k as the max in Part III Line 21 (though line 8 text says not more than $61,000 even though it allows the $66k. In part V though, Line 2, it's supposed to be taking that $66k value from Part III line 21, but instead uses $61k. That $61k is then transferred to Sch 1, Ln 16, which is incorrect.
Can anyone replicate? Should I report this to Support?
