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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.
‎June 7, 2019
5:02 PM
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