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June 3, 2019
Question

I wasn't asked if Angela contributed to her simple IRA. Why not?

  • June 3, 2019
  • 1 reply
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RachelW33
June 3, 2019

If Angela contributed to her SIMPLE IRA, it is reported directly on her W2 in Box 12 with Code "S".

If Angela participated in a SIMPLE IRA plan through her employer, the amount she contributed to the plan is already excluded from her Gross Income reported in Box 1 of her W2.

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RachelW33
June 3, 2019
@brisbinemiami If this did not answer your question, please clarify below so that I can further assist you.
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