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Retirement tax questions
Only the $146.73 is taxable, so that's the amount on which you claim the exception to the penalty. The $6,500 is nontaxable and therefore already not subject to penalty, so no exception is to be claimed for that portion. So in the box referred to in item 12, enter $146.73. If everything else was done right, that will eliminate all of the penalty.
‎February 18, 2024
10:26 AM