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Early distribution from a 401k that the software says avoids the 10% Penalty as it was due to COVID, yet the software is still assessing us a 10% Early Withdrawal Penalty
It says, "You're eligible for the COVID-19 exception" after I answer the questions related to COVID but it still assesses the penalty. Do I need to enter the distribution amount under "Other Reason" when asked "These Situations May Lower Your Tax Bill"?
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March 6, 2021
8:12 AM