Answered

Discover answers to your most pressing questions at Westonci.ca, the ultimate Q&A platform that connects you with expert solutions. Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts.

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 :

We appreciate your time. Please revisit us for more reliable answers to any questions you may have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We're glad you visited Westonci.ca. Return anytime for updated answers from our knowledgeable team.