Guest mrjones Posted January 27, 2007 Posted January 27, 2007 If a tax filer needs to pay the penalty for an early distribution, where on his tax return does he report it?
Bird Posted January 28, 2007 Posted January 28, 2007 Form 1040, Line 60. They call it an "additional tax" and not a "penalty." I don't think you can use 1040A if the penalty applies. Ed Snyder
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