RalphH1
Expert Alumni

Get your taxes done using TurboTax

The TurboTax program will handle everything regarding this “last month rule” situation. It will put the income on line 20 of Form 8889 (flowing through to line 8f of Schedule 1, and then line 8 of your 1040). And it will put the 10% penalty on line 21 of the 8889 (flowing to line 17d of Schedule 2, and line 23 of your 1040). Unless they change the line numbers next year, of course...

 

@jperasso, Bill was handling this all quite adeptly, but it appears he’s not here today (so I thought I’d jump in). Let us know if you have any more questions about this!

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