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Financial Planning / Tax Strategies


Subject:  Re: Roth IRA early distribution penalty Date:  2/4/2013  4:57 PM
Author:  joelcorley Number:  117628 of 123001


You wrote, 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.

I'm not a tax expert, but what was in Box 2A? From what I