lgmagsayo
Level 2
03-19-2022
03:34 PM
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Level 15
03-19-2022
03:53 PM
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Im guessing it means a Simple IRA, vs a 401k or some other type of retirement account?
If you put your cursor in the box and hit the yellow ? on the toolbar, it explains what it means.
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qbteachmt
Level 15
03-20-2022
03:33 PM
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See if this article helps put the question into perspective for the issue:
https://www.irs.gov/retirement-plans/simple-ira-withdrawal-and-transfer-rules
It seems something is triggering the Additional Tax, which is 10% or 25%, depending on circumstances.
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