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http://boards.fool.com/the-watch-your-refund-grow-works-great-for-me-i-30523972.aspx
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| Subject: Re: Roth IRA early distribution penalty | Date: 2/4/2013 2:27 PM | |
| Author: RBMunkin | Number: 117622 of 118626 | |
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The watch your refund grow works great for me. I like to see how a particular item affects the bottom line as I go. The return was DONE except for that one item. Very simple return. Just a W2 and this 1099-R. The refund grew a lot just by clicking the Box 7 "early distribution" option. With that choose there is NO penalty or tax on the Roth IRA early distribution. I can't figure out why. I Googled and don't see any exception for his simple case. And even if there were, there was no exception information included in the return in Turbo Tax. |
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