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February 12, 2020
Question

Why is there a $205 other taxes entry in my tax summary?

  • February 12, 2020
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1 reply

CatinaT1
February 12, 2020

Did you have an early withdraw from a retirement plan?  There is a 10% penalty if you take a distribution prior to age 59 1/2.

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February 12, 2020

or it could be a penalty for underpaying estimated taxes.  or if you had self-employment income it could be self-employment tax.   we can't see your return  so we have to guess.