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February 4, 2025
Question

How do I know if my Ira is a sep or simple Ira? The box is checked but I don’t know which it is

  • February 4, 2025
  • 1 reply
  • 0 views
This is on a 1099r for my Rmd taxes

    1 reply

    February 5, 2025

    Those plans are very similar in that both of them make a contribution to your individual IRA account. You would have to ask your employer for clarification. I'm not sure it matters though with how the distribution is handled on your tax return. Can you clarify better why you are asking?

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