Have a Tax Question? Ask a Tax Expert
Based on your age - there is no penalty - but distributed amount will be added to your other taxable income.
I will estimate your tax liability - but woudl need to know your other income.Do you have social security benefits? If yes - what is the amount?Other taxable income? wages? pension? rental income? other? Please provide amounts.I will estimate your tax liability if any.
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If you still have any doubts, need clarification - please be sure to ask.I am here to help you will all tax related issues.