IRA Withdrawal is Charging a Penalty

From Documentation
Revision as of 13:14, 9 May 2013 by Smiller (talk | contribs)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

We are trying to process a withdrawal for an IRA. When we do the investment payout, a dollar amount is appearing in the withholding line. Why?

This occurs when an IRA withholding amount has been configured on the Investment System Settings --> Penalty/Withhold tab. If you do not wish to charge a penalty on IRA withholdings, edit the IRA Withholding amount on that screen to be 0.