I paid early withdraw penalty (10%) when I withdrew funds. Do I have to Pay that penalty again on my tax return

[kev-chedim]

When I withdrew funds from my IRA I paid taxes and the 10% early withdrawal penalty. Now I'm filing my taxes and have to pay another 10% penalty

[VolvoGirl]

It has to break out and show the 10% Early Withdrawal Penalty separately on your tax return (schedule 2 line 8 which goes to 1040 line 23).  Then you get credit for all the withholding taken out.  

You didn't actually pay the tax or 10% penalty (you pay a 10% early withdrawal penalty if you are under 59 ½).  You had taxes withheld like from your paycheck. You still have to enter the whole gross original amount (before taxes were withheld) with your other income to figure out the total tax (and it may put you into a higher tax bracket) and then the withholding is subtracted from the total tax to figure your refund or tax due. The gross amount shows up,on 1040 line 4a or 5a and the taxable amount on 4b or 5b.  The withholding will show up on 1040 line 25b.

[DoninGA]

The early distribution penalty of 10% of the gross distribution is Only assessed and reported on your federal tax return, Form 1040.  What was withheld on the Form 1099-R is the estimated federal taxes for the distribution.

The distribution is entered on your tax return as ordinary income.  The federal taxes withheld are entered on your tax return as a tax payment.

To enter, edit or delete a form 1099-R -

Click on Federal Taxes (Personal using Home and Business)
Click on Wages and Income (Personal Income using Home and Business)
Click on I'll choose what I work on (if shown)
Scroll down to Retirement Plans and Social Security
On IRA, 401(k), Pension Plan Withdrawals (1099-R), click the start or update button

Or enter 1099-r in the Search box located in the upper right of the program screen. Click on Jump to 1099-R

[fanfare]

the penalty is 10% not 20%.

@kev-chedim