You are here:
< Back

L1: Taxes
If I am going to have $1500.00 a month come out of my IRA for early distribution I am 52 and want to have 12% taken out I will then be only taking home $1320.00 where dose the $180.00 go.
2018-01-10 18:51, By: Ski1, IP: []

L2: Taxes
Federal income taxes. Your 1099 will show the total gross distribution and total federal income taxes.
Did you calculate what your SEPP amount is? If you are not basing the $1500 monthly amount on one of the calculation methods, you will run into the 10% early distribution. Just a heads up.
2018-01-11 01:42, By: brkr12002, IP: []