It would appear that 20% was withheld. If an early withdrawal then 10% of that would pay the 10% penalty, leaving only 10% to pay the normal tax. If you are in the 26% tax bracket the you should have had at least 36% withheld or about $6700.
The amount withheld is only an estimate of the tax (just like W-2 withholding). The actual tax is determined by everything else on your tax return and your total taxable income.
All withholding form W-2's and 1099's are combined on line 17 on the 1040 form ans used to offset the total tax. If too must was withheld, yiu get a refund, if not enough, you owe more.
**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.**
