This is the 10% early withdrawal penalty.
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Was this for an IRA or 401K? If you had an early withdrawal penalty as indicated on the 1099-R you received, TurboTax will add it automatically to your tax return. It would be on line 59 of Schedule 4 and on line 14 of form 1040. You must enter the 1099-R on your tax return.
Was this for an IRA or 401K? If you had an early withdrawal penalty as indicated on the 1099-R you received, TurboTax will add it automatically to your tax return. It would be on line 59 of Schedule 4 and on line 14 of form 1040. You must enter the 1099-R on your tax return.
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