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Subject:  Re: Roth IRA early distribution penalty Date:  2/4/2013  2:27 PM
Author:  RBMunkin Number:  117622 of 132797

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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