Yes, 2017 TurboTax will calculate the 10% early-di...
Level 15

Retirement tax questions

Yes, 2017 TurboTax will calculate the 10% early-distribution penalty of $14.  The $142 of additional income will likely cause an additional amount of about $50 of your 2017 Roth IRA contribution to be excess.  2017 TurboTax will calculate the 6%, $3 excess-contribution penalty on this excess.
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