- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Since you were over 59 1/2 when you took the distribution, TurboTax would not calculate the early withdrawal penalty on any distribution. You owe ordinary income tax on the entire amount of a traditional IRA distribution unless you contributed some after tax dollars to the IRA. What amounts are in boxes 1 and 2a of your 1099-R?
‎June 3, 2019
10:18 AM