Blondie

Yes, I did do that. I'm talking about it not taxing that $100,000 at all. It's just taxing the excess.

So besides the waived early withdrawal penalty, it looks like ATX is waiving tax altogether on that first $100,000! And it won't let me override. Anyone else experiencing this? My client took out $125K and ATX is only taxing $25K (line 5b).

So besides the waived early withdrawal penalty, it looks like ATX is waiving tax altogether on that first $100,000! And it won't let me override. Anyone else experiencing this? My client took out $125K and ATX is only taxing $25K. (Separate issue--it also calculated no 10% penalty on the remaining $25K, but I was able to manually do that on form 5329.)