On State form 3805P, there is a column for non simple distribution and simple distribution, what is the difference between non simple and simple?
Please clarify…
Please clarify…
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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