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Retirement tax questions
Same error message for me when completing my son's taxes! This is frustrating! I am essentially getting an error message on an amount equal to .33 of 10% of the distribution ($30,000 distribution times 10% times .33). Penalty amount indicated is $990, which is not correct. There should be no penalty for early withdrawl under the CARES act due to financial hardship throughout 2020.
March 17, 2021
11:35 AM