We study complexity of several problems related to the Transverse field Ising Model (TIM). First, we consider the problem of estimating the ground state energy known as the Local Hamiltonian Problem (LHP). It is shown that the LHP for TIM on degree-3 graphs is equivalent modulo polynomial reductions to the LHP for general k-local ‘stoquastic’ Hamiltonians with any constant k≥ 2. This result implies that estimating the ground state energy of TIM on degree-3 graphs is a complete problem for the complexity class StoqMA —an extension of the classical class MA. As a corollary, we complete the complexity classification of 2-local Hamiltonians with a fixed set of interactions proposed recently by Cubitt and Montanaro. Secondly, we study quantum annealing algorithms for finding ground states of classical spin Hamiltonians associated with hard optimization problems. We prove that the quantum annealing with TIM Hamiltonians is equivalent modulo polynomial reductions to the quantum annealing with a certain subclass of k-local stoquastic Hamiltonians. This subclass includes all Hamiltonians representable as a sum of a k-local diagonal Hamiltonian and a 2-local stoquastic Hamiltonian.