topic WHY DO I GET TAXED TWICE ON LINE 59-ADDITIONAL TAX ON IRAS. iT FIRST TAXES IT AS INCOME THEN AS AN ADDITIONAL IRA? in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/why-do-i-get-taxed-twice-on-line-59-additional-tax-on-iras-it-first-taxes-it-as-income-then-as-an/01/144615#M11143 <P>WHY DO I GET TAXED TWICE FOR THE IRA, FIRST AS INCOME , THEN AS ADDITIONAL TAX ON IRA<BR /></P> Sat, 01 Jun 2019 07:19:29 GMT pgutierrez63 2019-06-01T07:19:29Z WHY DO I GET TAXED TWICE ON LINE 59-ADDITIONAL TAX ON IRAS. iT FIRST TAXES IT AS INCOME THEN AS AN ADDITIONAL IRA? https://ttlc.intuit.com/community/retirement/discussion/why-do-i-get-taxed-twice-on-line-59-additional-tax-on-iras-it-first-taxes-it-as-income-then-as-an/01/144615#M11143 <P>WHY DO I GET TAXED TWICE FOR THE IRA, FIRST AS INCOME , THEN AS ADDITIONAL TAX ON IRA<BR /></P> Sat, 01 Jun 2019 07:19:29 GMT https://ttlc.intuit.com/community/retirement/discussion/why-do-i-get-taxed-twice-on-line-59-additional-tax-on-iras-it-first-taxes-it-as-income-then-as-an/01/144615#M11143 pgutierrez63 2019-06-01T07:19:29Z Although line 59 uses the words "additional tax"; it is a... https://ttlc.intuit.com/community/retirement/discussion/although-line-59-uses-the-words-additional-tax-it-is-a/01/144627#M11145 <P>Although line 59 uses the words "additional tax"; it is actually the 10% penalty for taxing money out of your IRA before you reached age 59-1/2. The penalty is in addition to the normal income tax.</P> Sat, 01 Jun 2019 07:19:30 GMT https://ttlc.intuit.com/community/retirement/discussion/although-line-59-uses-the-words-additional-tax-it-is-a/01/144627#M11145 Hal_Al 2019-06-01T07:19:30Z