Solved: My Inherited IRA is not subject to the 20% penalty early withdrawal but your program seems to have applied the 20% penalty.

My Inherited IRA is not subject to the 20% penalty early withdrawal but your program seems to have applied the 20% penalty.

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There is no 20% penalty. You do have to pay the normal tax. If you are in the 20% tax bracket that would be the tax.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

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What code is in box 7?

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

There is no 20% penalty. You do have to pay the normal tax. If you are in the 20% tax bracket that would be the tax.

**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**

I have a Late Payment Penalty, but last year I filed before deadline with TurboTax and IRS debited directly from my bank account shortly after. How do I get rid of this?

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My Inherited IRA is not subject to the 20% penalty early withdrawal but your program seems to have applied the 20% penalty.

My Inherited IRA is not subject to the 20% penalty early withdrawal but your program seems to have applied the 20% penalty.

My Inherited IRA is not subject to the 20% penalty early withdrawal but your program seems to have applied the 20% penalty.

My Inherited IRA is not subject to the 20% penalty early withdrawal but your program seems to have applied the 20% penalty.

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Do you have a TurboTax Online account?

My Inherited IRA is not subject to the 20% penalty early withdrawal but your program seems to have applied the 20% penalty.

Do you have an Intuit account?

My Inherited IRA is not subject to the 20% penalty early withdrawal but your program seems to have applied the 20% penalty.

My Inherited IRA is not subject to the 20% penalty early withdrawal but your program seems to have applied the 20% penalty.

My Inherited IRA is not subject to the 20% penalty early withdrawal but your program seems to have applied the 20% penalty.

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