I have two early IRA distributions and turbo is taking out 10% penalty. But I can't find that turbo also took out taxes for the distributions. Where can I find that?

Shouldn't I have to pay a penalty at 10% and taxes which equal 10% for early distributions? I don't qualify for exceptions.

posted

The taxable amount of the distribution will appear on Form 1040 line 4b.

Any federal taxes withheld from the distribution, shown in box 4 of the Form 1099-R, will be credited on Form 1040 line 17 to be applied against the overall tax liability determined on your tax return.

How do I enter: Total ordinary dividend income Qualified dividend income included above Long-term capital gain Total capital gain distribution

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I have two early IRA distributions and turbo is taking out 10% penalty. But I can't find that turbo also took out taxes for the distributions. Where can I find that?

I have two early IRA distributions and turbo is taking out 10% penalty. But I can't find that turbo also took out taxes for the distributions. Where can I find that?

Get more help

Do you have a TurboTax Online account?

I have two early IRA distributions and turbo is taking out 10% penalty. But I can't find that turbo also took out taxes for the distributions. Where can I find that?

Do you have an Intuit account?

I have two early IRA distributions and turbo is taking out 10% penalty. But I can't find that turbo also took out taxes for the distributions. Where can I find that?

Get more help

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