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SIMPLE IRA income tax implications
Posted on 5/22/17 at 12:28 pm
Posted on 5/22/17 at 12:28 pm
Am I correct in thinking that contributions to a SIMPLE IRA should be listed on line 28 (of 1040) and reduce Gross income by same amount for AGI?
1
Posted on 5/22/17 at 4:38 pm to Tigerpaw123
That's how I understand it. Sort of like a traditional roth, correct? Experts please chime in and let me know if this is incorrect.
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