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401(a) early covid related withdrawal has wrong tax amount
I did an early covid related withdrawal last year. Tax amount is 10%. There's no penalty for covid related withdrawals. Turbotax added an additional 10% penalty for the withdrawal. This is for the online version.
The other issue with Turbotax's 1099-R section is that there is no option for "Alaska" in Box 15.
I hope turbotax fix their software before the IRS starts processing taxes.
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‎February 1, 2021
9:41 AM