BulldogTom Posted February 1, 2008 Report Share Posted February 1, 2008 I saw your post on the 1099's and you mentioned Colorado. If that is where you practice, can I ask a question? My brother lives in Edgewater, outside of Denver, and I prepare his return every year. He took an early distribution from an IRA. I have searched and searched and cannot find an early withdrawal penalty, and I don't think there is one. Can you confirm that? Thanks. Your help is appreciated. Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
10SorTAX Posted February 1, 2008 Report Share Posted February 1, 2008 You're correct. No such penalty on the Colorado return. Quote Link to comment Share on other sites More sharing options...
BulldogTom Posted February 1, 2008 Author Report Share Posted February 1, 2008 Thanks 10sorTax. Appreciate the help. Tom Lodi, CA Quote Link to comment Share on other sites More sharing options...
RDennis Posted February 1, 2008 Report Share Posted February 1, 2008 10sorTax is correct. There is basically no extra taxes in Colorado, except AMT. Quote Link to comment Share on other sites More sharing options...
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