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Retirement tax questions
In turbo tax on the 5329 form do I input the yearly amount in before or after taxes( (I have them taken out ) I receive monthly equal payments from my 401k not working anymore and under 59 1/2. I believe this is an exception with the IRS to avoid the 10 percent penalty tax. I put in my monthly amount of $580 in turbo tax for equal payments but I think that's wrong I think I should put in what I receive for the full year. I'm not sure
March 23, 2025
9:11 PM