Will I be charged a penalty for taking out of a 401K in 2020

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No you won't but you will need to wait until IRS releases form 8915 before you file your return. At this time, there is no release date on when this will happen. Please check this link periodically for an update on when this form will be released.

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Does turbo tax automatically add underpayment penalties to my amount due? Or we are supposed to make a separate manual payment?

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