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No, that is not correct. You should not pay an early distribution penalty. You are allowed to withdraw more than the minimum required amount - including the entire IRA account. Try reviewing your answers to this part of the tax return and double check your entries.
See the TurboTax FAQ below for more information on Required Minimum Distributions.
No, that is not correct. You should not pay an early distribution penalty. You are allowed to withdraw more than the minimum required amount - including the entire IRA account. Try reviewing your answers to this part of the tax return and double check your entries.
See the TurboTax FAQ below for more information on Required Minimum Distributions.
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