topic Re: Simple IRA in Retirement tax questions

Simple IRA

Boo71 — Fri, 07 Feb 2025 00:58:27 GMT

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.

Re: Simple IRA

DanaB27 — Fri, 07 Feb 2025 15:11:26 GMT

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)."

Re: Simple IRA

Boo71 — Fri, 07 Feb 2025 23:33:29 GMT

Thank you.