- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
The 10% is only a Federal penalty, it is not on the State return. When 1099R is reported it is reported any tax and penalty are added to return and then you get credit for Federal Taxes withheld in box 4 of the 1099R. Edit the 1099R entries paying close attention to questions that follow.
‎June 6, 2019
8:44 AM