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.
Traditional IRA Withdrawals. Traditional IRA disbursements always count as taxable income unless you've made nondeductible contributions to the account, regardless of whether you're taking a qualified or nonqualified distribution. However, if you take a nonqualified withdrawal, you also pay an early withdrawal tax penalty of 10 percent.