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What counts to lower your tax bill for 1099 r form?
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If the distribution was taxable (e.g. from Traditional IRA or 401-K), then you will owe income tax on the taxable amount (usually the entire distribution).
If the distribution is subject to a 10% early penalty, there are some exceptions that allow you to avoid the penalty. The following TurboTax FAQ explains those exceptions. Be sure to select "See entire answer":
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