The 1099-R that I claimed on my return was only a one time thing that year and I don't understand why I have to claim it on my taxes. I paid taxes on it already.

pollyanna1056 · ‎June 3, 2019

IreneS · ‎June 3, 2019

Chances are you didn't pay taxes on the distribution already, unless it was from a Roth IRA.

All other pension plans, retirement plans and traditional IRAs for example, are funded with pre-tax contributions.

If you are under age 59-1/2 this is considered an early withdrawal and you may be liable for a 10% penalty.

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