Friend took early 401K w/drawal of $10,000 in 9/16. She makes $24,000 before that w/draw. Turbo decreased her fed + state return by $5800. Is that a correct calculation?
Friend has 2 kids. We deleted & added the $10,000 from 1099 several times with same result ($5800 difference). Tax + penalty seems too high--is this our problem or a Turbo problem? Thanks.
