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June 3, 2019
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If I took money out of a Traditional IRA at the time of distribution I had taxes withheld why do I need to pay another 10% tax?

  • June 3, 2019
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Best answer by KrisD15

The taxes withheld when you take the distribution represents the expected income tax on those funds. If the distribution was taken early, and no exemption applies, there is an additional 10% tax added. 

1 reply

KrisD15
KrisD15Answer
June 3, 2019

The taxes withheld when you take the distribution represents the expected income tax on those funds. If the distribution was taken early, and no exemption applies, there is an additional 10% tax added. 

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Celery63Author
June 3, 2019
Thank You