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Get your taxes done using TurboTax
Thanks! I do have the tax amount listed on my 2020 1040. I'm still struggling as to how this 8915 process works. I withdrew funds and paid 20%. I did not pay the early withdrawal penalty of 10%.
Did I get a a 1/3rd credit on the 20% when I filed 2020 taxes; and now I'm paying the next 1/3rd?
I shouldn't have to pay 20%, then 10% penalty; then income tax on the remaining, should I?
March 28, 2022
12:26 PM