TeriH
Employee Tax Expert

Self employed

Glad you got through the instructions that far.  Curious that it's asking re being 59 1/2 if you are not.  That question is only relevant for avoiding a penalty.  If you are under 59 1/2 there will be a penalty.  And it will be automatically calculated at 10% and added to your 1040 on line 23.

Hope this answers your question.

Best wishes,
teri

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