klscott7
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Thanks for the responses. The difference is driven by additional tax on the distribution rather than a penalty. It makes sense now.
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That's what I thought but the software updates the federal tax amount to INCLUDE the 10% penalty.
Activity Feed for klscott7
- Posted Thanks for the responses. The difference is driven by add... on Retirement tax questions. June 6, 2019 1:54 AM
- Posted That's what I thought but the software updates the federa... on Retirement tax questions. June 6, 2019 1:54 AM
- Posted 1099-R filing. My wife received a distribution after her sister's passing. Does the penalty apply for this? If so, is it too late to transfer the money into another IRA? on Retirement tax questions. June 6, 2019 1:54 AM