Where does excess 2025 SEP contribution of sole proprietor get carried over in program?
Client, a sole proprietor with no employees, contributed $14,000 to a SEP in 2025. As it turned out, client over-contributed by about $3,000, based upon the limitation calculation for self-employed persons included in Form 7206. IRS Publication 560 says that “ If you made SEP contributions that are more than the deduction limit (nondeductible contributions), you can carry over and deduct the difference in later years. However, the carryover, when combined with the contribution for the later year, is subject to the deduction limit for that year.”
Is there a place in ProSeries that carries over the excess contribution to the next year’s program? I don’t see anything like that on the Carryover Worksheet. Do I just need to make a note for myself and be sure to make the adjustment in the 2026 return?
