I withdrew my retirement early this last year and the retirement plan withheld 20%. TT (and every other software) is adding an additional 10% for the penalty for a total of 30%. I however, am in the 12% tax bracket so with the penalty that's 22% so TT should only be adding an extra 2%?
I understand if the 10% has to be on a separate line, but will I ever see that 8% overpayment and who will get that back to me or should i go to some small CPA for help?
So far ive talked to 3 seperate turbo tax representatives who agree with what im saying and it sounds like its a algorithm issue, but ive tried the competition and its the same issue. Is there something im missing?
