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Correct. NC does not have a specific penalty for an early withdrawal..
Just make sure..on the followup page to the main 1099-R form that the NC Distribution amount is entered...it must be either box 2a from the form, or the federally-taxable amount of box 1 if box 2a is empty...but for a 401k distribution, it is usually the same number.
Correct. NC does not have a specific penalty for an early withdrawal..
Just make sure..on the followup page to the main 1099-R form that the NC Distribution amount is entered...it must be either box 2a from the form, or the federally-taxable amount of box 1 if box 2a is empty...but for a 401k distribution, it is usually the same number.
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