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1099-R EARLY DISTRIBUTION
I have entered my 1099-r into turbo tax i had taxes withheld from this distribution at the time it was taken to cover the penalty. But after entering it turbo tax is still telling me i owe the same amount in taxes i have already paid or the 10% penalty. Put it simple i put in that i paid 109 in taxes for the distribution on the 1099-r but after the walk though it tells me i owe 109 in additional taxes but i have already paid the 109. why would i need to pay 20% for this distribution..
ā€ˇFebruary 22, 2020
10:10 AM