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When I withdrew my retirement fund, I had the bank withhold the appropriate amount to cover the early withdrawal penalty. How do I included that in my return file?

 
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Ashby
New Member

When I withdrew my retirement fund, I had the bank withhold the appropriate amount to cover the early withdrawal penalty. How do I included that in my return file?

If you have received your 1099-R, all tax withheld for regular income tax and the 10% penalty will be listed in Box 4 under Federal Income Tax Withheld. See image below for circled location on the form.

And, here are the instructions for entering the form.

https://ttlc.intuit.com/replies/4194737

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2 Replies
Ashby
New Member

When I withdrew my retirement fund, I had the bank withhold the appropriate amount to cover the early withdrawal penalty. How do I included that in my return file?

If you have received your 1099-R, all tax withheld for regular income tax and the 10% penalty will be listed in Box 4 under Federal Income Tax Withheld. See image below for circled location on the form.

And, here are the instructions for entering the form.

https://ttlc.intuit.com/replies/4194737

When I withdrew my retirement fund, I had the bank withhold the appropriate amount to cover the early withdrawal penalty. How do I included that in my return file?

Thank you!
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