- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
The only effect of putting the amount in the SIMPLE IRA box is that it allows the amount to be included on Schedule 1 line 16. It has no other effect on your 2021 tax return and nothing about it carries forward to future tax returns.
‎April 11, 2022
5:00 AM