Solved: If turbo tax online said that I need to pay a 10% penalty from my 1099-R form and gave me the amount, was that taken out of the refund automatically?
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parker-severson
New Member

If turbo tax online said that I need to pay a 10% penalty from my 1099-R form and gave me the amount, was that taken out of the refund automatically?

 
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Ashby
New Member

If turbo tax online said that I need to pay a 10% penalty from my 1099-R form and gave me the amount, was that taken out of the refund automatically?

Yes, the 10% penalty is figured into you total return. So, if your 1099-R was included on your taxes, the 10% was calculated into your final refund amount.

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Ashby
New Member

If turbo tax online said that I need to pay a 10% penalty from my 1099-R form and gave me the amount, was that taken out of the refund automatically?

Yes, the 10% penalty is figured into you total return. So, if your 1099-R was included on your taxes, the 10% was calculated into your final refund amount.

View solution in original post

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