Find answers to your questions and expand your knowledge with IDNLearn.com. Join our interactive community and access reliable, detailed answers from experienced professionals across a variety of topics.
danielle williams is a 29-year-old single taxpayer who changed jobs during the year. when she left her first job, she decided to take a total distribution from the 401(k) plan she had established with her former employer. she then used the proceeds to make a down payment on a new car. in early 2022, she received the following form 1099-r reporting the distribution. her only other income was from wages, and her 2021 taxable income was $51,350. what will be the amount of the penalty for the early withdrawal from her 401(k) plan, if any?
Sagot :
Thank you for being part of this discussion. Keep exploring, asking questions, and sharing your insights with the community. Together, we can find the best solutions. IDNLearn.com is your go-to source for accurate answers. Thanks for stopping by, and come back for more helpful information.
