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    6. can loss from a early withdrawn a ira account be claim on taxes
    can loss from a early withdrawn a ira account be claim on taxes

    can a loss a early withdrawn from a ira account be claim on income taxes

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    0  Views: 1779 Answers: 1 Posted: 12 years ago
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      If you take an early withdrawal of  funds from your IRA, you will pay a penalty for doing so.  The amount you draw goes on line 15 of the form 1040.  The penalty amount goes on line 58.  The penalty is 10% of  the amount you pulled.  For example, if you withdrew $7500, your penalty would be $750.
      YES, THE FEDERAL GOVENRNMENT IS A DEN OF THIEVES.  I am studying to  be a tax preparer and every day I learn something new that distresses, depressess, and disturbs me about the IRS.  Horrible. 

      12 years ago. Rating: 0
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