Retirement tax questions

If you withdrew money from your retirement account, it is still considered taxable income.  It is not subject to an early withdrawal penalty.  Taxable income is included in the adjusted gross income, regardless of whether it came from employment or retirement distributions.  You can file an amended tax return to spread the payments if you have not already disbursed payments to the IRS, and change it to spread for three years.  

 

When you're ready to amend, find your situation below and follow the instructions.

TurboTax Online

TurboTax CD/Download

 

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