Robert

This year will be my 3rd of 6 ESOP distributions. After this year I plan on rolling the rest into an IRA. But I have a question about the 10% early penalty…. The first 2 years they mailed the paperwork and all I had to do was choose direct cash payment and give them the banking info for Direct Deipsit.. This year you can go online and make your selections etc… but doing it this way seems to have an option I don’t remember having previously. It informs you about the 20% Federal that will be withheld, and about the early 10%.. but it’s giving me the options to add additional %’s if I choose. So would I be better off adding the additional 10% early penalty tax now with the direct payment or wait and File it on the following years tax return? TIA