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