I have taken a early pay out from my Pension plan of $37,565.96 received $30,052.77 after $7,513.19 was taken out for Fed taxes (Box4).
Turbo tax is saying that I owe $3,756 (10%)
on form 1099-R (Box4) $7,513.19 (20%)(already taken out)
that is a total of $11,270.19 (30%)
It seems that Turbo tax is not seeing what has already been taken out ! It is showing in the Fed Tax Due box
$3981 in red (due). Why is this ? Needing some help here .....
