SEP deduction

15,214

engine v3

not yet verified ⚑ SEP-LIMIT · open

How this number was built

R-SEP-LIMIT SEP deduction limited to 20% of (net profit minus one-half SE tax).

Engine note: Contribution 18,000.00; limit 20% of (net profit - half SE tax) = 15,214.30.

Inputs (2)

SchC.31 Net profit81,854

SchSE.13 Deduction for one-half of SE tax5,783

Sources (1) — where the inputs came from

SEP-IRA contribution confirmation (Erik Lindqvist)

D26 · page 1 · field amount · “SEP contribution for 2025”

read as “18,000.00” → 18,000 99%

View in document

Flows into

Sch1.17 Sch1.26 F8995.2.1

Independent checks

SEP deduction limit after Schedule C correctionsFails

Limit falls from 15,214 to about 13,674. The 18,000 deposited on 04/10/2026 (D26) leaves an excess of about 4,326: advise withdrawal before the due date to avoid the 6% excise (Form 5329).

Method: 20% x (net profit - half SE tax). If the Schedule C findings are accepted, net profit is about 73,568, half SE tax about 5,197.

Proposed: 15,214 → 13,674 · Tax: fed +477 · CA +65

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History — nothing is overwritten

v1 · 2026-03-04: 15,214v2 · 2026-03-19: 15,214v3 · 2026-06-23: 15,214

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