1099-R and penalty

[jlmcgee1267]

Why am I being assessed a 10% penalty for an early 403B withdrawal when I had that withheld from the amount when I took the withdrawal? I entered my 1099-R and entered the amount of tax withheld, yet I'm still shown I owe the 10% penalty. 

[xmasbaby0]

The tax that was withheld was an estimate of the tax you would owe, just like the federal tax employers withhold and put on your W-2.  When you enter the 1099R and all of your other income, it all adds together and your tax refund or tax due is calculated.

[jlmcgee1267]

Ah! Thank you so much!