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Suspect bug in program. Federal retirement taxable 45,866 being assessed 10% penalty early withdrawal - I am 67.
It looks like my Federal pension is being treated as an IRA. It tells me that I made a 45,866 deduction. This was the taxable amount of my pension. I entered it right. It tells me I owe 4,587 in early withdrawal penalty. My IRA did have a 14,500 taxable gross distribution. But they are not the same. And anyway I am 67 years old so the early withdrawal would not apply.
By the way, the program is also telling me that I did not finish doing my residential property tax input. I triple checked. It is there. It still wants me to go back and complete it. Doesn't matter, TurboTax tells me I am claiming the Standard deduction.
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‎June 4, 2019
4:57 PM