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Retirement tax questions
Early withdrawals are subject to a 10% penalty if you are younger than 59 1/2, and the distribution is also subject to ordinary income tax at the tax rate for your income level. You would receive a 1099R in January that would have to be entered on your 2019 tax return.
**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.**
‎June 4, 2019
2:55 PM