Additional Tax on Early Distributions

Caution: Any amount entered within this section will change Line 59 of the Form 1040.

• The Early Withdrawal Penalty will automatically populate when a code is entered into box 7 that requires a distribution to have the additional tax.

• After completing the Input Page and clicking “Save and Continue" the Additional Tax on Early Distributions Exception page will be available.

• The Additional Tax on Early Distribution Exception will display any Distributions subject to penalty.

• Click the pencil icon to enter the Penalty Exception Page.