If you take money out of your retirement account before you are 59 1/2 years old, you will pay an early withdrawal penalty of 10%, and ordinary income tax based on your tax bracket. If you take the money out in 2023, then in January/early February you will receive a 1099R that you must enter on your tax return.
To enter your retirement income, Go to Federal> Wages and Income>Retirement Plans and Social Security>IRA 401 k) Pension Plan Withdrawals to enter your 1099R.
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