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MANDILYN1127
New Member

Are retirement penalties included in my refund

I owe penalties to the IRS and CA for early distribution of our retirement accounts. Are these penalties included in the balances that are showing under refund and amount due or do I need to pay them separately?
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Accepted Solutions
Zbucklyo
Level 9

Are retirement penalties included in my refund

Any penalties for early withdrawal of funds from retirement accounts will be included in the total amount due - you do not need to account for them separately.

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1 Reply
Zbucklyo
Level 9

Are retirement penalties included in my refund

Any penalties for early withdrawal of funds from retirement accounts will be included in the total amount due - you do not need to account for them separately.

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