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I am showing a tax on an early distribution for 2020, but did not take anything out. How do I correct this?

 
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1 Reply
MaryK4
Expert Alumni

I am showing a tax on an early distribution for 2020, but did not take anything out. How do I correct this?

Usually this is related to a retirement plan.  If you received any distributions from a retirement plan before you qualified, it would be an early distribution.  If you received any 1099-Rs, check the entries carefully- especially the Code for Box 7.

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