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New Member
posted May 31, 2019 6:27:27 PM

Can you deduct penalties for early retirement distribution

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2 Replies
Level 15
May 31, 2019 6:27:28 PM

No. However, see this:

https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-tax-on-early-distri...

Alumni
May 31, 2019 6:27:31 PM

No. Penalties are not deductible at all.