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Level 1
June 4, 2019
Solved

1099-R and fed income tax owed

  • June 4, 2019
  • 2 replies
  • 26 views
Disabled, got a fed refund last year, took a 30000.00 distribution and now owes the feds almost 5000.00
Best answer by SweetieJean

The $30,000 distribution is taxable, just not subject to any 10% penalty.

2 replies

Level 15
June 4, 2019
What is your question?
Alumni - Champ
June 4, 2019

The $30,000 distribution is taxable, just not subject to any 10% penalty.