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New Member
posted Jan 30, 2024 2:18:33 PM

Are the SEP IRA distributions being taxed differently this year?

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1 Best answer
Level 15
Jan 30, 2024 5:33:53 PM

No, SEP IRA distributions are not being taxed differently this year.  There is no distinction between distributions from a SEP IRA and a distribution from an ordinary traditional IRA.  TurboTax is not delaying the filing of tax returns that report distributions from a SEP IRA.

1 Replies
Level 15
Jan 30, 2024 5:33:53 PM

No, SEP IRA distributions are not being taxed differently this year.  There is no distinction between distributions from a SEP IRA and a distribution from an ordinary traditional IRA.  TurboTax is not delaying the filing of tax returns that report distributions from a SEP IRA.