In the income section, it showed a tax due for an early retirement distribution penalty. is that already deducted from the amount of refund im getting?

medusa8022 · ‎June 6, 2019

IreneS · ‎June 6, 2019

UPDATED FOR TAX YEAR 2019

Yes. The early withdrawal penalty is included with the amount of taxes calculated on your return. Your refund takes that into consideration.

[Edited | 4/1/2020 | 11:55am PDT]

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IreneS · ‎June 6, 2019

UPDATED FOR TAX YEAR 2019

Yes. The early withdrawal penalty is included with the amount of taxes calculated on your return. Your refund takes that into consideration.

[Edited | 4/1/2020 | 11:55am PDT]

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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