brint004
New Member

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.