turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Early Distribution Penalty

If I took a early distribution from my 401k will the 10% penalty be paid for if I have a refund (or partially depending on my refund)?  If not will I have to pay the penalty separately? 

Note: I am under 59 1/2 years old.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Early Distribution Penalty

The penalty will increase your tax liability or decrease your refund. 

View solution in original post

2 Replies

Early Distribution Penalty

The penalty will increase your tax liability or decrease your refund. 

Early Distribution Penalty

Thank you.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question