If you choose to drill holes in the basin, make sure the holes are smaller than the solids handling rating of the pump (generally 1/4 in. to 1/2 in. for a standard sump pump). This will prevent larger solids from entering the basin and clogging the pump.
1 You must report the amount you withdrew from your retirement plan to the IRS. 2  You may have to pay an additional 10 percent tax on your withdrawal. 3  The additional 10 percent tax normally does not apply to nontaxable withdrawals. 4  Nontaxable withdrawals include withdrawals of your cost in participating in the plan.
Any deductible contributions and earnings you withdraw or that are distributed from your traditional IRA are taxable. Also, if you are under age 59 Â½ you may have to pay an additional 10% tax for early withdrawals unless you qualify for an exception. None if itâs a qualified distribution (or a withdrawal that is a qualified distribution). Otherwise, part of the distribution or withdrawal may be taxable. If you are under age 59 Â½, you may also have to pay an additional 10% tax for early withdrawals unless you qualify for an exception.