- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Retirement tax questions
The Penalty is added into the total tax due. It is reported on line 12 (b) of your individual tax return, and it comes from Schedule 2 of the backup information.
So you do not have to make any adjustment. It is included in what you owe, or your refund.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
‎January 29, 2020
1:35 PM