topic Found out that there is no error. California adds a 2.5%... in Retirement tax questions https://ttlc.intuit.com/community/retirement/discussion/found-out-that-there-is-no-error-california-adds-a-2-5/01/170774#M14016 <P>Found out that there is no error. California adds a 2.5% "premature withdrawal" tax on IRA rollovers to HSAs. The TurboTax program called that an "early withdrawal" tax, hence the confusion.</P> Sat, 01 Jun 2019 15:17:06 GMT decover 2019-06-01T15:17:06Z Is there an error in the California program? It is calculating an early withdrawal tax on an IRA withdrawal, but I was well past 59 1/2 at the beginning of 2018. https://ttlc.intuit.com/community/retirement/discussion/is-there-an-error-in-the-california-program-it-is-calculating-an-early-withdrawal-tax-on-an-ira/01/170771#M14014 Sat, 01 Jun 2019 15:17:04 GMT https://ttlc.intuit.com/community/retirement/discussion/is-there-an-error-in-the-california-program-it-is-calculating-an-early-withdrawal-tax-on-an-ira/01/170771#M14014 decover 2019-06-01T15:17:04Z Found out that there is no error. California adds a 2.5%... https://ttlc.intuit.com/community/retirement/discussion/found-out-that-there-is-no-error-california-adds-a-2-5/01/170774#M14016 <P>Found out that there is no error. California adds a 2.5% "premature withdrawal" tax on IRA rollovers to HSAs. The TurboTax program called that an "early withdrawal" tax, hence the confusion.</P> Sat, 01 Jun 2019 15:17:06 GMT https://ttlc.intuit.com/community/retirement/discussion/found-out-that-there-is-no-error-california-adds-a-2-5/01/170774#M14016 decover 2019-06-01T15:17:06Z The California 2.5% additional tax does not apply to some... https://ttlc.intuit.com/community/retirement/discussion/the-california-2-5-additional-tax-does-not-apply-to-some/01/170776#M14017 The California 2.5% additional tax does not apply to someone over age 59½.&nbsp;&nbsp;What *does* apply is that an HSA Funding Distribution is taxable in California because HSA contributions are not excludible from income in California. Sat, 01 Jun 2019 15:17:07 GMT https://ttlc.intuit.com/community/retirement/discussion/the-california-2-5-additional-tax-does-not-apply-to-some/01/170776#M14017 dmertz 2019-06-01T15:17:07Z
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topic Found out that there is no error. California adds a 2.5%... in Retirement tax questions
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https://ttlc.intuit.com/community/retirement/discussion/found-out-that-there-is-no-error-california-adds-a-2-5/01/170774#M14016
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<P>Found out that there is no error. California adds a 2.5% "premature withdrawal" tax on IRA rollovers to HSAs. The TurboTax program called that an "early withdrawal" tax, hence the confusion.</P>
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Is there an error in the California program? It is calculating an early withdrawal tax on an IRA withdrawal, but I was well past 59 1/2 at the beginning of 2018.
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https://ttlc.intuit.com/community/retirement/discussion/is-there-an-error-in-the-california-program-it-is-calculating-an-early-withdrawal-tax-on-an-ira/01/170771#M14014
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Found out that there is no error. California adds a 2.5%...
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https://ttlc.intuit.com/community/retirement/discussion/found-out-that-there-is-no-error-california-adds-a-2-5/01/170774#M14016
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<P>Found out that there is no error. California adds a 2.5% "premature withdrawal" tax on IRA rollovers to HSAs. The TurboTax program called that an "early withdrawal" tax, hence the confusion.</P>
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The California 2.5% additional tax does not apply to some...
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https://ttlc.intuit.com/community/retirement/discussion/the-california-2-5-additional-tax-does-not-apply-to-some/01/170776#M14017
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The California 2.5% additional tax does not apply to someone over age 59½.&nbsp;&nbsp;What *does* apply is that an HSA Funding Distribution is taxable in California because HSA contributions are not excludible from income in California.
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<pubDate>Sat, 01 Jun 2019 15:17:07 GMT</pubDate>
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https://ttlc.intuit.com/community/retirement/discussion/the-california-2-5-additional-tax-does-not-apply-to-some/01/170776#M14017
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