Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
S
sasuga
October 27, 2021
Question

How do I determine my profit income from a withdrawal from a SEP IRA

  • October 27, 2021
  • 1 reply
  • 0 views
No text available

    1 reply

    O
    OpeA1
    October 27, 2021

    If your SEP IRA is held at a financial institution and the funds invested, they will send you a 1099-R which should have all the relevant information stated therein. They keep track of that information for you.

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    Manage Cookies

    TRUSTe nResult Certified e-File C-Level Security Certification