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Retirement tax questions
What you paid when you took the withdrawal was a set amount or an estimate of what taxes might be. The actual amount of taxes on the distribution are calculated along with your other income when you file your tax return. It is often more than the amount withheld with the distribution.
Make sure all your entries are correct and all the questions answered correctly. If they are, then the 10% is the additional tax you owe.
‎January 31, 2023
12:42 PM