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?
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.
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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