turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

How do I tell if my IRA is SIMPLE or traditional?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
KrisD15
Expert Alumni

How do I tell if my IRA is SIMPLE or traditional?

It would be indicated on your 1099-R. (Between Box 7 and Box 8 

 

A SIMPLE IRA is set up by your employer and you, as well as the employer, can make matching contributions. 

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

View solution in original post

1 Reply
KrisD15
Expert Alumni

How do I tell if my IRA is SIMPLE or traditional?

It would be indicated on your 1099-R. (Between Box 7 and Box 8 

 

A SIMPLE IRA is set up by your employer and you, as well as the employer, can make matching contributions. 

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question