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401K distribution tax
I took a distribution from a 401K and paid 30% taxes upfront. I've done this same thing in prior years and have never had turbo tax apply a 10% penalty on top of the 30% I already paid. It's always said "you don't owe any more money on the withdrawal" but not in this years version. I can't find anything that suggests the rules have changed with regard to this.... is this a glitch in TT?
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‎February 28, 2025
7:44 AM