Skip to main content
April 11, 2024
Question

What version/product will I need to purchase if I need to report early withdrawal of IRA?

  • April 11, 2024
  • 1 reply
  • 0 views
No text available

1 reply

DoninGA
Employee
April 11, 2024

If you are going to use the TurboTax online editions you will need the Deluxe online edition to report a early withdrawal from an IRA.  There will be a 10% early withdrawal penalty which will be entered on your federal tax return as a tax liability.