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Retirement tax questions
Would you be able to explain where to find this Schedule 2 Line 8?
I was told by Principal that they could build the 10% early withdraw into the Federal Taxes withheld to cover that early withdraw penalty. Otherwise they would have just taken out the the 20% per usual, so I lost an extra 10% to federal taxes and also owe another 10% for early withdraw? That seems wrong.
‎February 1, 2024
7:19 AM