Quote Originally Posted by Rapid Robert View Post
Thank you, I think you are correct. I was reading the 5329 instructions for the exception codes, and they seemed to draw a distinction between IRAs and "qualified retirement plans", but then upon second look I see they mention:

Other qualified retirement plans,

so it seems IRAs are also qualified retirement plans, at least for some purposes.

If Congress really wanted to do something useful (hah!), they could eliminate the complexity around all the minor and somewhat arbitrary differences between IRAs and employer-sponsored plans.
In the byzantine world of taxes, there are numerous definitions.

For purposes of 72(t), the definition of qualified retirement plan is found in 4974(c) and the IRA is indeed included.

One other note, I believe the 7.5% (not the 10%) threshold is in effect for 2017 and 2018.