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In 2010, I withdraw about $30,000 total from my roth and traditional IRA. I know I have to pay the 10% early withdrawal penalty, but what about a state penalty in Missouri?


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Expert Mark Anderson's Answer:

Typically, the only penalty is on your federal return. It does not appear it is taxable. You can contact the Missouri Department of Revenue for further information at the following link: http://dor.mo.gov/personal/individual/

Mark Anderson, JD

Montana

21 yrs experience

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