dmertz
Level 15

Retirement tax questions

RLT4288, you had taxes withheld. You did not pay a penalty.  The 10% withheld is credited on your tax return.

 

Code-T distributions are never subject to penalty.  They are only subject to income tax on the taxable portion of the distribution in the relatively uncommon event that some portion of the distribution from the Roth IRA is taxable.