If you are younger than 59 1/2 there is a 10% early withdrawal penalty. And there will always be tax on the distribution no matter how old you are. You will get a 1099R at tax time and will need to enter the 1099R 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.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
