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Get your taxes done using TurboTax
Yes, if you are under 59 1/2 then the 10% early withdrawal penalty should have been calculated on Form 5329 Part 1.
No, you will not have anything in Part 4 of Form 5329 for the 6% excess contribution penalty since you withdrew the excess contribution plus earnings before the due date.
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‎February 26, 2022
11:18 AM