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New Member
posted Jan 31, 2021 7:06:42 PM

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

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1 Replies
Expert Alumni
Jan 31, 2021 7:27:33 PM

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.