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New Member
posted May 31, 2019 9:01:45 PM

WHY AM I PAYING ADDTL % ON 401K DISTRIBUTION IF I ALREADY PAID 20%?

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1 Best answer
Level 15
May 31, 2019 9:01:47 PM

The amount you paid when you took the distribution was an estimate.  When you combine it with your other income, you could owe additional tax.

1 Replies
Level 15
May 31, 2019 9:01:47 PM

The amount you paid when you took the distribution was an estimate.  When you combine it with your other income, you could owe additional tax.