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10% early withdrawal
Is the 10% withdrawal penalty factored into my taxes and paid at the same time taxes are paid, or is it something the IRS requests later down the road? I did my taxes using turbo tax premier, put in all the information including the 1099 and it did include the additional amount of withdrawal (so that I was taxed on the additional income) Everything seemed to go fine, I filed and the IRS accepted it, but just want to be sure I don't get a big surprise of having to pay that 10% penalty separately at some point.
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‎June 3, 2019
5:57 PM