taxes on IRA distributions

[Queen of Sanity]

This is the first year I took early distributions from my IRA. How much will I be expected to pay in taxes and penalties in 2023 when I file income tax return?

I am currently unemployed. my passive income is 1099-MISC for a rental property.

[CLBHESQLLM]

Hi @Queen of Sanity, taxation and penalties will depend on the type of IRA you have and whether or not you have an applicable hardship reason for taking the early withdrawal.  Please find important information about early withdrawals and hardship exceptions on the IRS' website here: https://www.irs.gov/newsroom/what-if-i-withdraw-money-from-my-ira#:~:text=Generally%2C%20early%20wit....