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Turbo Tax

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Turbo Tax

Turbo tax 6. Turbo tax   How To Figure Cost of Goods Sold Table of Contents Introduction Figuring Cost of Goods Sold on Schedule C, Lines 35 Through 42Line 35 Inventory at Beginning of Year Line 36 Purchases Less Cost of Items Withdrawn for Personal Use Line 37 Cost of Labor Line 38 Materials and Supplies Line 39 Other Costs Line 40 Add Lines 35 through 39 Line 41 Inventory at End of Year Line 42 Cost of Goods Sold Introduction If you make or buy goods to sell, you can deduct the cost of goods sold from your gross receipts on Schedule C. Turbo tax However, to determine these costs, you must value your inventory at the beginning and end of each tax year. Turbo tax This chapter applies to you if you are a manufacturer, wholesaler, or retailer or if you are engaged in any business that makes, buys, or sells goods to produce income. Turbo tax This chapter does not apply to a personal service business, such as the business of a doctor, lawyer, carpenter, or painter. Turbo tax However, if you work in a personal service business and also sell or charge for the materials and supplies normally used in your business, this chapter applies to you. Turbo tax If you must account for an inventory in your business, you must generally use an accrual method of accounting for your purchases and sales. Turbo tax For more information, see chapter 2. Turbo tax Figuring Cost of Goods Sold on Schedule C, Lines 35 Through 42 Figure your cost of goods sold by filling out lines 35 through 42 of Schedule C. Turbo tax These lines are reproduced below and are explained in the discussion that follows. Turbo tax 35 Inventory at beginning of year. Turbo tax If different from last year's closing inventory, attach explanation   36 Purchases less cost of items withdrawn for personal use   37 Cost of labor. Turbo tax Do not include any amounts paid to yourself   38 Materials and supplies   39 Other costs   40 Add lines 35 through 39   41 Inventory at end of year   42 Cost of goods sold. Turbo tax Subtract line 41 from line 40. Turbo tax  Enter the result here and on line 4   Line 35 Inventory at Beginning of Year If you are a merchant, beginning inventory is the cost of merchandise on hand at the beginning of the year that you will sell to customers. Turbo tax If you are a manufacturer or producer, it includes the total cost of raw materials, work in process, finished goods, and materials and supplies used in manufacturing the goods (see Inventories in chapter 2). Turbo tax Opening inventory usually will be identical to the closing inventory of the year before. Turbo tax You must explain any difference in a schedule attached to your return. Turbo tax Donation of inventory. Turbo tax   If you contribute inventory (property that you sell in the course of your business), the amount you can claim as a contribution deduction is the smaller of its fair market value on the day you contributed it or its basis. Turbo tax The basis of donated inventory is any cost incurred for the inventory in an earlier year that you would otherwise include in your opening inventory for the year of the contribution. Turbo tax You must remove the amount of your contribution deduction from your opening inventory. Turbo tax It is not part of the cost of goods sold. Turbo tax   If the cost of donated inventory is not included in your opening inventory, the inventory's basis is zero and you cannot claim a charitable contribution deduction. Turbo tax Treat the inventory's cost as you would ordinarily treat it under your method of accounting. Turbo tax For example, include the purchase price of inventory bought and donated in the same year in the cost of goods sold for that year. Turbo tax   A special rule may apply to certain donations of food inventory. Turbo tax See Publication 526, Charitable Contributions. Turbo tax Example 1. Turbo tax You are a calendar year taxpayer who uses an accrual method of accounting. Turbo tax In 2013, you contributed property from inventory to a church. Turbo tax It had a fair market value of $600. Turbo tax The closing inventory at the end of 2012 properly included $400 of costs due to the acquisition of the property, and in 2012, you properly deducted $50 of administrative and other expenses attributable to the property as business expenses. Turbo tax The charitable contribution allowed for 2013 is $400 ($600 − $200). Turbo tax The $200 is the amount that would be ordinary income if you had sold the contributed inventory at fair market value on the date of the gift. Turbo tax The cost of goods sold you use in determining gross income for 2013 must not include the $400. Turbo tax You remove that amount from opening inventory for 2013. Turbo tax Example 2. Turbo tax If, in Example 1, you acquired the contributed property in 2013 at a cost of $400, you would include the $400 cost of the property in figuring the cost of goods sold for 2013 and deduct the $50 of administrative and other expenses attributable to the property for that year. Turbo tax You would not be allowed any charitable contribution deduction for the contributed property. Turbo tax Line 36 Purchases Less Cost of Items Withdrawn for Personal Use If you are a merchant, use the cost of all merchandise you bought for sale. Turbo tax If you are a manufacturer or producer, this includes the cost of all raw materials or parts purchased for manufacture into a finished product. Turbo tax Trade discounts. Turbo tax   The differences between the stated prices of articles and the actual prices you pay for them are called trade discounts. Turbo tax You must use the prices you pay (not the stated prices) in figuring your cost of purchases. Turbo tax Do not show the discount amount separately as an item in gross income. Turbo tax   An automobile dealer must record the cost of a car in inventory reduced by any manufacturer's rebate that represents a trade discount. Turbo tax Cash discounts. Turbo tax   Cash discounts are amounts your suppliers let you deduct from your purchase invoices for prompt payments. Turbo tax There are two methods of accounting for cash discounts. Turbo tax You can either credit them to a separate discount account or deduct them from total purchases for the year. Turbo tax Whichever method you use, you must be consistent. Turbo tax If you want to change your method of figuring inventory cost, you must file Form 3115, Application for Change in Accounting Method. Turbo tax For more information, see Change in Accounting Method in chapter 2. Turbo tax   If you credit cash discounts to a separate account, you must include this credit balance in your business income at the end of the tax year. Turbo tax If you use this method, do not reduce your cost of goods sold by the cash discounts. Turbo tax Purchase returns and allowances. Turbo tax   You must deduct all returns and allowances from your total purchases during the year. Turbo tax Merchandise withdrawn from sale. Turbo tax   If you withdraw merchandise for your personal or family use, you must exclude this cost from the total amount of merchandise you bought for sale. Turbo tax Do this by crediting the purchases or sales account with the cost of merchandise you withdraw for personal use. Turbo tax You must also charge the amount to your drawing account. Turbo tax   A drawing account is a separate account you should keep to record the business income you withdraw to pay for personal and family expenses. Turbo tax As stated above, you also use it to record withdrawals of merchandise for personal or family use. Turbo tax This account is also known as a “withdrawals account” or “personal account. Turbo tax ” Line 37 Cost of Labor Labor costs are usually an element of cost of goods sold only in a manufacturing or mining business. Turbo tax Small merchandisers (wholesalers, retailers, etc. Turbo tax ) usually do not have labor costs that can properly be charged to cost of goods sold. Turbo tax In a manufacturing business, labor costs properly allocable to the cost of goods sold include both the direct and indirect labor used in fabricating the raw material into a finished, saleable product. Turbo tax Direct labor. Turbo tax   Direct labor costs are the wages you pay to those employees who spend all their time working directly on the product being manufactured. Turbo tax They also include a part of the wages you pay to employees who work directly on the product part time if you can determine that part of their wages. Turbo tax Indirect labor. Turbo tax   Indirect labor costs are the wages you pay to employees who perform a general factory function that does not have any immediate or direct connection with making the saleable product, but that is a necessary part of the manufacturing process. Turbo tax Other labor. Turbo tax   Other labor costs not properly chargeable to the cost of goods sold can be deducted as selling or administrative expenses. Turbo tax Generally, the only kinds of labor costs properly chargeable to your cost of goods sold are the direct or indirect labor costs and certain other costs treated as overhead expenses properly charged to the manufacturing process, as discussed later under Line 39 Other Costs. Turbo tax Line 38 Materials and Supplies Materials and supplies, such as hardware and chemicals, used in manufacturing goods are charged to cost of goods sold. Turbo tax Those that are not used in the manufacturing process are treated as deferred charges. Turbo tax You deduct them as a business expense when you use them. Turbo tax Business expenses are discussed in chapter 8. Turbo tax Line 39 Other Costs Examples of other costs incurred in a manufacturing or mining process that you charge to your cost of goods sold are as follows. Turbo tax Containers. Turbo tax   Containers and packages that are an integral part of the product manufactured are a part of your cost of goods sold. Turbo tax If they are not an integral part of the manufactured product, their costs are shipping or selling expenses. Turbo tax Freight-in. Turbo tax   Freight-in, express-in, and cartage-in on raw materials, supplies you use in production, and merchandise you purchase for sale are all part of cost of goods sold. Turbo tax Overhead expenses. Turbo tax   Overhead expenses include expenses such as rent, heat, light, power, insurance, depreciation, taxes, maintenance, labor, and supervision. Turbo tax The overhead expenses you have as direct and necessary expenses of the manufacturing operation are included in your cost of goods sold. Turbo tax Line 40 Add Lines 35 through 39 The total of lines 35 through 39 equals the cost of the goods available for sale during the year. Turbo tax Line 41 Inventory at End of Year Subtract the value of your closing inventory (including, as appropriate, the allocable parts of the cost of raw materials and supplies, direct labor, and overhead expenses) from line 40. Turbo tax Inventory at the end of the year is also known as closing or ending inventory. Turbo tax Your ending inventory will usually become the beginning inventory of your next tax year. Turbo tax Line 42 Cost of Goods Sold When you subtract your closing inventory (inventory at the end of the year) from the cost of goods available for sale, the remainder is your cost of goods sold during the tax year. Turbo tax Prev  Up  Next   Home   More Online Publications
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The Turbo Tax

Turbo tax 4. Turbo tax   Limit on Elective Deferrals Table of Contents Excess elective deferrals. Turbo tax General Limit 15-Year RuleYears of Service Figuring the Limit on Elective DeferralsExample The second and final component of MAC is the limit on elective deferrals. Turbo tax This is a limit on the amount of contributions that can be made to your account through a salary reduction agreement. Turbo tax A salary reduction agreement is an agreement between you and your employer that allows for a portion of your compensation to be directly invested in a 403(b) account on your behalf. Turbo tax You can enter into more than one salary reduction agreement during a year. Turbo tax More than one 403(b) account. Turbo tax If, for any year, elective deferrals are contributed to more than one 403(b) account for you (whether or not with the same employer), you must combine all the elective deferrals to determine whether the total is more than the limit for that year. Turbo tax 403(b) plan and another retirement plan. Turbo tax If, during the year, contributions in the form of elective deferrals are made to other retirement plans on your behalf, you must combine all of the elective deferrals to determine if they are more than your limit on elective deferrals. Turbo tax The limit on elective deferrals applies to amounts contributed to: 401(k) plans, to the extent excluded from income, Roth contribution programs, Section 501(c)(18) plans, to the extent excluded from income, Savings incentive match plan for employees (SIMPLE plans), Simplified employee pension (SEP) plans, and All 403(b) plans. Turbo tax Roth contribution program. Turbo tax   Your 403(b) plan may allow you to designate all or a portion of your elective deferrals as Roth contributions. Turbo tax Elective deferrals designated as Roth contributions must be maintained in a separate Roth account and are not excludable from your gross income. Turbo tax   The maximum amount of contributions allowed under a Roth contribution program is your limit on elective deferrals, less your elective deferrals not designated as Roth contributions. Turbo tax For more information on the Roth contribution program, see Publication 560, Retirement Plans for Small Business. Turbo tax Excess elective deferrals. Turbo tax   If the amount contributed is more than the allowable limit, you must include the excess that is not a Roth contribution in your gross income for the year contributed. Turbo tax General Limit Under the general limit on elective deferrals, the most that can be contributed to your 403(b) account through a salary reduction agreement is $17,500 for 2013 and 2014. Turbo tax This limit applies without regard to community property laws. Turbo tax 15-Year Rule If you have at least 15 years of service with an educational organization (such as a public or private school), hospital, home health service agency, health and welfare service agency, church, or convention or association of churches (or associated organization), the limit on elective deferrals to your 403(b) account is increased by the least of: $3,000, $15,000, reduced by the sum of: The additional pre-tax elective deferrals made in prior years because of this rule, plus The aggregate amount of designated Roth contributions permitted for prior years because of this rule, or $5,000 times the number of your years of service for the organization, minus the total elective deferrals made by your employer on your behalf for earlier years. Turbo tax If you qualify for the 15-year rule, your elective deferrals under this limit can be as high as $20,500 for 2013 and 2014. Turbo tax To determine whether you have 15 years of service with your employer, see Years of Service , next. Turbo tax Years of Service To determine if you are eligible for the increased limit on elective deferrals, you will first need to figure your years of service. Turbo tax How you figure your years of service depends on whether you were a full-time or a part-time employee, whether you worked for the full year or only part of the year, and whether you have worked for your employer for an entire year. Turbo tax You must figure years of service for each year during which you worked for the employer who is maintaining your 403(b) account. Turbo tax If more than one employer maintains a 403(b) account for you in the same year, you must figure years of service separately for each employer. Turbo tax Definition Your years of service are the total number of years you have worked as a full time employee for the employer maintaining your 403(b) account as of the end of the year. Turbo tax Figuring Your Years of Service Take the following rules into account when figuring your years of service. Turbo tax Status of employer. Turbo tax   Your years of service include only periods during which your employer was a qualified employer. Turbo tax Your plan administrator can tell you whether or not your employer was qualified during all your periods of service. Turbo tax Service with one employer. Turbo tax   Generally, you cannot count service for any employer other than the one who maintains your 403(b) account. Turbo tax Church employee. Turbo tax   If you are a church employee, treat all of your years of service with related church organizations as years of service with the same employer. Turbo tax For more information about church employees, see chapter 5. Turbo tax Self-employed ministers. Turbo tax   If you are a self-employed minister, your years of service include full and part years in which you have been treated as employed by a tax-exempt organization that is a qualified employer. Turbo tax Total years of service. Turbo tax   When figuring prior years of service, figure each year individually and then add the individual years of service to determine your total years of service. Turbo tax Example. Turbo tax The annual work period for full-time teachers employed by ABC Public Schools is September through December and February through May. Turbo tax Marsha began working with ABC schools in September 2009. Turbo tax She has always worked full-time for each annual work period. Turbo tax At the end of 2013, Marsha had 4. Turbo tax 5 years of service with ABC Public Schools, as shown in Table 4-1. Turbo tax Table 4-1. Turbo tax Marsha's Years of Service Note. Turbo tax This table shows how Marsha figures her years of service, as explained in the previous example. Turbo tax Year Period Worked Portion of Work Period Years of Service 2009 Sept. Turbo tax –Dec. Turbo tax . Turbo tax 5 year . Turbo tax 5 year 2010 Feb. Turbo tax –May . Turbo tax 5 year 1 year Sept. Turbo tax –Dec. Turbo tax . Turbo tax 5 year 2011 Feb. Turbo tax –May . Turbo tax 5 year 1 year Sept. Turbo tax –Dec. Turbo tax . Turbo tax 5 year 2012 Feb. Turbo tax –May . Turbo tax 5 year 1 year Sept. Turbo tax –Dec. Turbo tax . Turbo tax 5 year 2013 Feb. Turbo tax –May . Turbo tax 5 year 1 year Sept. Turbo tax –Dec. Turbo tax . Turbo tax 5 year Total years of service 4. Turbo tax 5 years Full-time or part-time. Turbo tax   To figure your years of service, you must analyze each year individually and determine whether you worked full-time for the full year or something other than full-time. Turbo tax When determining whether you worked full-time or something other than full-time, use your employer's annual work period as the standard. Turbo tax Employer's annual work period. Turbo tax   Your employer's annual work period is the usual amount of time an individual working full-time in a specific position is required to work. Turbo tax Generally, this period of time is expressed in days, weeks, months, or semesters, and can span 2 calendar years. Turbo tax Note. Turbo tax You cannot accumulate more than 1 year of service in a 12-month period. Turbo tax Example. Turbo tax All full-time teachers at ABC Public Schools are required to work both the September through December semester and the February through May semester. Turbo tax Therefore, the annual work period for full-time teachers employed by ABC Public Schools is September through December and February through May. Turbo tax Teachers at ABC Public Schools who work both semesters in the same calendar year are considered working a full year of service in that calendar year. Turbo tax Full-Time Employee for the Full Year Count each full year during which you were employed full-time as 1 year of service. Turbo tax In determining whether you were employed full-time, compare the amount of work you were required to perform with the amount of work normally required of others who held the same position with the same employer and who generally received most of their pay from the position. Turbo tax How to compare. Turbo tax   You can use any method that reasonably and accurately reflects the amount of work required. Turbo tax For example, if you are a teacher, you can use the number of hours of classroom instruction as a measure of the amount of work required. Turbo tax   In determining whether positions with the same employer are the same, consider all of the facts and circumstances concerning the positions, including the work performed, the methods by which pay is determined, and the descriptions (or titles) of the positions. Turbo tax Example. Turbo tax An assistant professor employed in the English department of a university will be considered a full-time employee if the amount of work that he or she is required to perform is the same as the amount of work normally required of assistant professors of English at that university who get most of their pay from that position. Turbo tax   If no one else works for your employer in the same position, compare your work with the work normally required of others who held the same position with similar employers or similar positions with your employer. Turbo tax Full year of service. Turbo tax   A full year of service for a particular position means the usual annual work period of anyone employed full-time in that general type of work at that place of employment. Turbo tax Example. Turbo tax If a doctor works for a hospital 12 months of a year except for a 1-month vacation, the doctor will be considered as employed for a full year if the other doctors at that hospital also work 11 months of the year with a 1-month vacation. Turbo tax Similarly, if the usual annual work period at a university consists of the fall and spring semesters, an instructor at that university who teaches these semesters will be considered as working a full year. Turbo tax Other Than Full-Time for the Full Year If, during any year, you were employed full-time for only part of your employer's annual work period, part-time for the entire annual work period, or part-time for only part of the work period, your year of service for that year is a fraction of your employer's annual work period. Turbo tax Full-time for part of the year. Turbo tax   If, during a year, you were employed full-time for only part of your employer's annual work period, figure the fraction for that year as follows: The numerator (top number) is the number of weeks, months, or semesters you were a full-time employee. Turbo tax The denominator (bottom number) is the number of weeks, months, or semesters considered the normal annual work period for the position. Turbo tax Example. Turbo tax Jason was employed as a full-time instructor by a local college for the 4 months of the 2013 spring semester (February 2013 through May 2013). Turbo tax The annual work period for the college is 8 months (February through May and July through October). Turbo tax Given these facts, Jason was employed full-time for part of the annual work period and provided ½ of a year of service. Turbo tax Jason's years of service computation for 2013 is as follows: Number of months Jason worked = 4 = 1 Number of months in annual work period 8 2 Part-time for the full year. Turbo tax   If, during a year, you were employed part-time for the employer's entire annual work period, you figure the fraction for that year as follows: The numerator (top number) is the number of hours or days you worked. Turbo tax The denominator (bottom number) is the number of hours or days normally required of someone holding the same position who works full-time. Turbo tax Example. Turbo tax Vance teaches one course at a local medical school. Turbo tax He teaches 3 hours per week for two semesters. Turbo tax Other faculty members at the same school teach 9 hours per week for two semesters. Turbo tax The annual work period of the medical school is two semesters. Turbo tax An instructor teaching 9 hours a week for two semesters is considered a full-time employee. Turbo tax Given these facts, Vance has worked part-time for a full annual work period. Turbo tax Vance has completed 1/3 of a year of service, figured as shown below. Turbo tax Number of hours per week Vance worked = 3 = 1 Number of hours per week considered full-time 9 3 Part-time for part of the year. Turbo tax   If, during any year, you were employed part-time for only part of your employer's annual work period, you figure your fraction for that year by multiplying two fractions. Turbo tax   Figure the first fraction as though you had worked full-time for part of the annual work period. Turbo tax The fraction is as follows: The numerator (top number) is the number of weeks, months, or semesters you were a full-time employee. Turbo tax The denominator (bottom number) is the number of weeks, months, or semesters considered the normal annual work period for the position. Turbo tax   Figure the second fraction as though you had worked part-time for the entire annual work period. Turbo tax The fraction is as follows: The numerator (top number) is the number of hours or days you worked. Turbo tax The denominator (bottom number) is the number of hours or days normally required of someone holding the same position who works full-time. Turbo tax   Once you have figured these two fractions, multiply them together to determine the fraction representing your partial year of service for the year. Turbo tax Example. Turbo tax Maria, an attorney, teaches a course for one semester at a law school. Turbo tax She teaches 3 hours per week. Turbo tax The annual work period for teachers at the school is two semesters. Turbo tax All full-time instructors at the school are required to teach 12 hours per week. Turbo tax Based on these facts, Maria is employed part-time for part of the annual work period. Turbo tax Her year of service for this year is determined by multiplying two fractions. Turbo tax Her computation is as follows: Maria's first fraction Number of semesters Maria worked = 1 Number of semesters in annual work period 2 Maria's second fraction Number of hours Maria worked per week = 3 = 1 Number of hours per week considered full-time 12 4 Maria would multiply these fractions to obtain the fractional year of service: 1 x 1 = 1         2 4 8         Figuring the Limit on Elective Deferrals You can use Part II of Worksheet 1 in chapter 9 to figure the limit on elective deferrals. Turbo tax Example Floyd has figured his limit on annual additions. Turbo tax The only other component needed before he can determine his MAC for 2014 is his limit on elective deferrals. Turbo tax Figuring Floyd's limit on elective deferrals. Turbo tax   Floyd has been employed with his current employer for less than 15 years. Turbo tax He is not eligible for the special 15-year increase. Turbo tax Therefore, his limit on elective deferrals for 2014 is $17,500 as shown in Table 4-2. Turbo tax Floyd's employer will not make any nonelective contributions to his 403(b) account and Floyd will not make any after-tax contributions. Turbo tax Additionally, Floyd's employer does not offer a Roth contribution program. Turbo tax Figuring Floyd's MAC Floyd has determined that his limit on annual additions for 2014 is $52,000 and his limit on elective deferrals is $17,500. Turbo tax Because elective deferrals are the only contributions made to Floyd's account, the maximum amount that can be contributed to a 403(b) account on Floyd's behalf in 2014 is $17,500, the lesser of both limits. Turbo tax Table 4-2. Turbo tax Worksheet 1. Turbo tax Maximum Amount Contributable (MAC) Note. Turbo tax Use this worksheet to figure your MAC. Turbo tax Part I. Turbo tax Limit on Annual Additions     1. Turbo tax Enter your includible compensation for your most recent year of service 1. Turbo tax $70,475 2. Turbo tax Maximum: For 2013 enter $51,000 For 2014 enter $52,000 2. Turbo tax 52,000 3. Turbo tax Enter the lesser of line 1 or line 2. Turbo tax This is your limit on annual additions 3. Turbo tax 52,000   Caution: If you had only nonelective contributions, skip Part II and enter the amount from line 3 on line 18. Turbo tax     Part II. Turbo tax Limit on Elective Deferrals     4. Turbo tax Maximum contribution: For 2013, enter $17,500 For 2014, enter $17,500 4. Turbo tax 17,500   Note. Turbo tax If you have at least 15 years of service with a qualifying organization, complete lines 5 through 17. Turbo tax If not, enter zero (-0-) on line 16 and go to line 17. Turbo tax     5. Turbo tax Amount per year of service 5. Turbo tax 5,000 6. Turbo tax Enter your years of service 6. Turbo tax   7. Turbo tax Multiply line 5 by line 6 7. Turbo tax   8. Turbo tax Enter the total of all elective deferrals made for you by the qualifying organization for prior years 8. Turbo tax   9. Turbo tax Subtract line 8 from line 7. Turbo tax If zero or less, enter zero (-0-) 9. Turbo tax   10. Turbo tax Maximum increase in limit for long service 10. Turbo tax 15,000 11. Turbo tax Enter the total of additional pre-tax elective deferrals made in prior years under the 15-year rule 11. Turbo tax   12. Turbo tax Enter the aggregate amount of all designated Roth contributions permitted for prior years under the 15-year rule 12. Turbo tax   13. Turbo tax Add lines 11 and 12 13. Turbo tax   14. Turbo tax Subtract line 13 from line 10 14. Turbo tax   15. Turbo tax Maximum additional contributions 15. Turbo tax 3,000 16. Turbo tax Enter the least of lines 9, 14, or 15. Turbo tax This is your increase in the limit for long service 16. Turbo tax -0- 17. Turbo tax Add lines 4 and 16. Turbo tax This is your limit on elective deferrals 17. Turbo tax 17,500   Part III. Turbo tax Maximum Amount Contributable     18. Turbo tax If you had only nonelective contributions, enter the amount from line 3. Turbo tax This is your MAC. Turbo tax    If you had only elective deferrals, enter the lesser of lines 3 or 17. Turbo tax This is your MAC. Turbo tax    If you had both elective deferrals and nonelective contributions, enter the amount from line 3. Turbo tax This is your MAC. Turbo tax (Use the amount on line 17 to determine if you have excess elective deferrals as explained in chapter 7. Turbo tax ) 18. Turbo tax $17,500 Prev  Up  Next   Home   More Online Publications