@74tbspeed wrote:
Then should I reclaim the full 10% penalty (of the $40k) or only what is equal to loss of income 4% (about $16k)?
It's unclear, what do other people do?
Nothing for now, until the 8915-E form is available since there is no way to report it presently.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
