Hi,
I want to know whether 10% penalty of early withdrawal is deducted while giving back my money or I need to pay it separately. If separately, then how?
Here are a few more details of my case.
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I worked in USA during 2008 (early may) to 2009 (early June) on L1A in state WA, and then returned for good. I have withdrawn my 401k on which they have deducted 20% while giving my money back.
1042S for shows
* Federal tax withhold 196.6
* Total withholding credit 196.6
* Gross distribution 2366.12
* Federal income tax withheld 473.22 (i.e. 20%)
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Do I still need to pay 10% penalty?
Regards,
PGeneral
I want to know whether 10% penalty of early withdrawal is deducted while giving back my money or I need to pay it separately. If separately, then how?
Here are a few more details of my case.
---
I worked in USA during 2008 (early may) to 2009 (early June) on L1A in state WA, and then returned for good. I have withdrawn my 401k on which they have deducted 20% while giving my money back.
1042S for shows
* Federal tax withhold 196.6
* Total withholding credit 196.6
* Gross distribution 2366.12
* Federal income tax withheld 473.22 (i.e. 20%)
---
Do I still need to pay 10% penalty?
Regards,
PGeneral