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I have a 1099-R for early Roth Ira withdrawal. There is 10% penalty which was already deducted (box 4) but I'm getting another 10% on my Turbo Tax Federal filing. Why?
I'm trying to understand why there is another 10% I'm being charged when I had the company withdraw the 10% Penalty fee BEFORE I got the payment!
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‎April 7, 2025
9:14 PM