401k when does money owed come out?

[billysmom]

We took money out from my husbands 401k a box popped up on TT a few times saying we would owe an extra 5000 on top of the taxes we already paid. We are still getting a small refund back, has the 5000 been taken out of our refund already or will we get a separate bill from the IRS for the 5000?

[MargaretL · Accepted solution]

The additional tax is part of your tax return and is not reported as a separate bill from the IRS - it will be/is included in your total refund (if applicable).

Please continue through the tax preparation.  The program will ask if your distribution qualifies for an exception - if it does, the penalty will not apply; if it doesn't qualify, your refund may drop and you'll see a tax liability. 

[billysmom]

I did finish my return and am getting a small refund back. So the 5000 was already accounted for correct and the small refund I am getting is mine to keep?