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Simple IRA

I have a simple IRA yet after I enter all the information from my 1099, Turbotax shows it on the line for Traditional Roth instead of as "Pension and Annuity Distribution.  I do not have a Roth IRA.

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2 Replies
DanaB27
Employee Tax Expert

Simple IRA

Your distribution is correctly entered on line 4 of Form 1040.

 

Line 4 instructions state: "An IRA includes a traditional IRA (which includes a traditional IRA that receives contributions from a simplified employee pension (SEP) arrangement), Roth IRA (which includes a Roth IRA that receives contributions from a SEP arrangement), and a SIMPLE IRA (a SIMPLE IRA may either be a traditional SIMPLE IRA or a Roth SIMPLE IRA)."

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Simple IRA

Thank you.

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