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Retirement tax questions
Thanks for the reply! Just to clarify the taxes/penalties that I owe...
- I pay taxes on the gains from excess contributions that were removed via the 1099-R that I receive next year
- I pay a 10% penalty for early withdrawal (since I'm under 59 1/2) via the 5329 next year
Is that all I need to worry about?
Thanks again!
March 7, 2020
6:07 PM